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Question 9 (5 points) On November 1, 2022, Sim Company issued $30,000, ten-year, 7% bonds for $29,100. The bonds were dated November 1, 2022,
Question 9 (5 points) On November 1, 2022, Sim Company issued $30,000, ten-year, 7% bonds for $29,100. The bonds were dated November 1, 2022, and interest is payable each November 1 and May 1. Sim uses the straight-line method of amortization. How much is the amount of discount amortization on each semi-annual interest date? $50. $90. $450. $45. $900.
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