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Owintex COs The first Day Of The Focal + signment/skelssignment Main.do?invokeru&takeAssignmentSessionLocator:&inprogressu false The Designer Company losed 10-year bonds on January 1. The 6% bonds have
Owintex COs The first Day Of The Focal + signment/skelssignment Main.do?invokeru&takeAssignmentSessionLocator:&inprogressu false The Designer Company losed 10-year bonds on January 1. The 6% bonds have a face value of $709,000 and pay interest every January 1 and July 1. The bonds were sold for $589,257 based on the market interest rate of 7%. Designer uses the effective interest method to amortize bond discounts and premiums. On Suly 1 of the first year, Designer should record interest expense (round to the nearest dollar) of O $17.578 OD 570 624 O $21.270 O. 524,815 O 4
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