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Hutton Corporation issued $100,000 of 7%. 15-year bonds on April 1 20X6 for $109.800. The market rate for the bond at issuance was 6%. Interest

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Hutton Corporation issued $100,000 of 7%. 15-year bonds on April 1 20X6 for $109.800. The market rate for the bond at issuance was 6%. Interest is paid on April 1 and October 1. Using the straight-line amortization method, the proper entry to record interest on October 1, 20X6 a debit to interest expense for: $3,500.00 O $3.826.67 $2,846.67 $3,173.33 > Question 13 4 pts Hutton Corporation issued $100,000 of 7%, 15-year bonds on April 1 20X6 for $109.800. The market rate for the bond at issuance was 6%. Interest is paid on April 1 and October 1. Using the effective interest method, the proper entry to record interest on October 1, 20x6 a debit to interest expense for: $3.706.00 $3,500.00 $3.294,00 $3.287.82

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