Business, 30.07.2021 03:00 enca2619

On January 1, 2021, Legion Company sold $260,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $200,356, priced to yield 12%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of:. a. $15,600.
b. $7,800.
c. $31,200.
d. $10,232.

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On January 1, 2021, Legion Company sold $260,000 of 8% ten-year bonds. Interest is payable semiannua...

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