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Compute the bond interest expense

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Question - On January 1 of the current year, Barton Corporation issued 8%, 5-year bonds with a face value of $84,000. The bonds are sold for $79,800. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, 5 years from now. Barton records straight-line amortization of the bond discount. Compute the bond interest expense for the current year ended December 31?

Reference no: EM133059582

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