If $2,000,000 principal amount of 10% bonds are issued at $97, cash received from the issue of bonds amounts to A) $200,000. B) $1,000,000. C) $1,100,000 D) $1,940,000. . Franklin Corporation issues $50,000, 10%, 5-year bonds on January 1, 2018, for $52,100. Interest is paid semiannually on January 1 and July 1. If Franklin uses the straight-line method of amortization of bond discount or premium, the amount of bond interest expense to be recognized on July 1, 2018 is A) $2,290 B) $2,500 C) $2,710 D) $10,290