A company issued 5 year 7 bonds with a par value of 100000

Reference no: EM13575125

A company issued 5 year, 7% bonds with a par value of $100,000. The company received $97,947 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is (closest to)?

Reference no: EM13575125

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