Business, 09.12.2021 03:20 ayoismeisjuam

Seagull Corporation issued $100,000, 10%, 5 year bonds on January 1st for $110,000, when market rate was 8%. Interest is paid semiannually on January 1 and July 1. Using the straight line amortization method, the interest expense recorded on payment of July 1st, would be:

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Seagull Corporation issued $100,000, 10%, 5 year bonds on January 1st for $110,000, when market rate...

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