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Find the bond interest expense for the year ended December

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Question - On January 1, Elias Corporation issued 10% bonds with a face value of $60,000. The bonds are sold for $58,200. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, 10 years from now. Elias records straight-line amortization of the bond discount. Find the bond interest expense for the year ended December 31 of the first year?

Reference no: EM133066275

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