On january 1 2007 the queen corporation issued 8 bonds with

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On January 1, 2007, the Queen Corporation issued 8% bonds with a face value of $95,000. The bonds are sold for $92,150. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, 2011. Queen records straight-line amortization of the bond discount. Determine the bond interest expense for the year ended December 31, 2007

Reference no: EM13607192

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