Transcribed image text: 29. A corporation issued S10,000, 12%, 5-year bonds on January 1, 20x7 for $9.230. Interest is paid semi-annually on January 1 and July 1. If the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recorded on July 1, 20x7. is A. $1.354 B. $600 C. $77 D. S523 ES677