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Question 2 1 pts On July 1, 2016, Monroe Company issued 500 of its 8%, $1,000 bonds for $458,000. The bonds were issued to
Question 2 1 pts On July 1, 2016, Monroe Company issued 500 of its 8%, $1,000 bonds for $458,000. The bonds were issued to yield 10%. The bonds are dated July 1, 2016, and mature on July 1, 2026. Interest is payable semiannually on January 1 and July 1. Using the effective-interest method, how much of the bond discount should be amortized for the 6 months ended December 31, 2016? $2,900 $5,800 $1,680 None of these answers are correct
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