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Question 22 (2 points) Acme CO. issued a $200,000, 3 year, 7% bond on 1/1/2020 for $194,758. The bonds pay interest semi-am were issued

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Question 22 (2 points) Acme CO. issued a $200,000, 3 year, 7% bond on 1/1/2020 for $194,758. The bonds pay interest semi-am were issued when the market rate of interest was 8%. The amount to debit to interest expense on 6/30/ $3,500 $15,581 $7,790 $7,000 E

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