SHAW , a national landscaping company , issues 2,000,000 of 10yr , 8% bonds dated jan1,2020. interest is payable semi annually on jan 1 and july1 each year. the proceeds realized from the issue were the 1,801,367 sales price less the 20,000 charged by SHAW investment BANK. Shaw fiscal year-end is December 31.

What would Shaw debit to interest expense on July 1, 2020?

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