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Show me the steps to solve Franklin Company issues $ 5 0 , 0 0 0 , 1 0 % , 5 - year bonds

Show me the steps to solve Franklin Company issues $50,000,10%,5-year bonds on January 1, for $52,100. Interest is paid semiannually on January 1 and July 1. If Franklin uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized on July 1 is
a. $2,290
b. $2,710
c. $10,290
d. $2,500

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