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Wayne Co. issued $2,000,000 of 6%,5-year bonds at 98 . Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on

Wayne Co. issued $2,000,000 of 6%,5-year bonds at 98 . Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date? $128,000 $120,000 $60.000 $124,000

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