Calculate the interest expense amount recorded

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Reference no: EM131266603

On January 1, 2009, Truman Corporation issued $600, 000 of 20-year, 11% bonds for $554, 860, yielding a market (yield) rate of 12%. Interest is payable semiannually on June 30 and December 31. Calculate the Interest Expense amount recorded on June 30, 2009

Reference no: EM131266603

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Calculate the interest expense amount recorded : On January 1, 2009, Truman Corporation issued $600, 000 of 20-year, 11% bonds for $554, 860, yielding a market (yield) rate of 12%. Interest is payable semiannually on June 30 and December 31. Calculate the Interest Expense amount recorded on June 30..

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