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Find the amount of bond interest expense to be recognized

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Question - A corporation issues $390000, 10%, 5-year bonds on January 1, 2020, for $373500. Interest is paid annually on January 1. If the corporation uses the straight-line method of amortization of bond discount, find the amount of bond interest expense to be recognized in December 31, 2020's adjusting entry?

Reference no: EM133068707

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