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Question 28 2 pts On January 1, 2019. Naperville Corporation issued $2,300,000. 12%,5-year bonds with interest payable on January 1 and July 1. The bonds
Question 28 2 pts On January 1, 2019. Naperville Corporation issued $2,300,000. 12%,5-year bonds with interest payable on January 1 and July 1. The bonds sold for $2,446,400. The market rate of interest was 10%. Using the effective interest method, the debit entry to interest expense on July 1, 2019 is (round to the nearest dollar): $115.000 $138,000 $146,784 $122,320
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