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Ritter Corporation issued $2,500,000, 10-year, 5% bonds for $2,250,000 on January 1, 2019. Interest is paid semiannually on January 1 and July 1. The corporation
Ritter Corporation issued $2,500,000, 10-year, 5% bonds for $2,250,000 on January 1, 2019. Interest is paid semiannually on January 1 and July 1. The corporation uses the straight-line method of amortization. Ritter's fiscal year ends on December 31. The amount of discount amortization on July 1, 2019, would be O A. $125,000 O B. $250,000 O c. $25,000 OD. $12,500
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