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Submit LUZ On January 1, 2019, Chin Corporation issued $3,200,000, 13%, 5-year bonds The bond interest is payable on January 1 and July 1. The
Submit LUZ On January 1, 2019, Chin Corporation issued $3,200,000, 13%, 5-year bonds The bond interest is payable on January 1 and July 1. The bonds sold for $3,419,600. The market rate of interest for these bonds was 11% Under the offective interest method what is the interest expense for the six months ending July 1, 2019? O A $200,000 OB. $188,078 OC $176,000 O D. $222,274
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