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Question Content Area On January 1 of the current year, Barton Corporation issued 11%, 5-year bonds with a face value of $114,000. The bonds are

Question Content Area On January 1 of the current year, Barton Corporation issued 11%, 5-year bonds with a face value of $114,000. The bonds are sold for $108,300. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, 5 years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the current year ended December 31 is -

a. $14,250

b. $6,270

c. $570

d. $13,680

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