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Question 13 0 / 4 pts On 01-01-18, Barb issued $5,000,000 of 6%, 10-year term bonds. The bonds pay interest every July 1 and January
Question 13 0 / 4 pts On 01-01-18, Barb issued $5,000,000 of 6%, 10-year term bonds. The bonds pay interest every July 1 and January 1. At the time Barb issued the bonds, similar bonds paid 7%. Upon issuing the bonds, Barb incurred and paid $45,000 of bond issuance costs. Barb uses the effective-interest method to amortize any bond discount or premium. B only prepares AJEs every December 31. The entry to record Barb's 07-01-18 interest payment will include a $150,000 debit to cash er a $164,059 debit to interest expense d a $164,560 debit to interest expense a $14,560 debit to interest expense What amount should Barb report as interest expense for the twelve months ended 12-31-18? $328,619 $164,059 $150,000 $164,560 As of 07-01-19, Barb's unamortized bond discount account should have a balance of $356,612 0 $400,310 O $386,251 $371,691
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