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Question 5 (7.4 points) corporation issues $300,000. 10%, 5-year bonds on January 1, 2020 for 287400. Interest is paid annually on January 1. If the

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Question 5 (7.4 points) corporation issues $300,000. 10%, 5-year bonds on January 1, 2020 for 287400. Interest is paid annually on January 1. If the corporation uses the stralpht. line method of amortization of bond discount, the amount of bond interest expensen to be recognized in December 31, 2020's adjusting entry is 1) $32,520 2 $30,000 O3) $27.480 O4) $2,520

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