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Business, 11.05.2021 20:20 mayamcmillan11

The Designer Company issued 10-year bonds on January 1. The 7% bonds have a face value of $727,000 and pay interest every January 1 and July 1. The bonds were sold for $604,217 based on the market interest rate of 8%. Designer uses the effective interest method to amortize bond discounts and premiums. On July 1 of the first year, Designer should record interest expense (round to the nearest dollar) of a.$25,445 b.$29,080 c.$24,169 d.$21,148

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The Designer Company issued 10-year bonds on January 1. The 7% bonds have a face value of $727,000 a...
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