The marx company issued 91000 of 11 bonds on april 1 2010

Reference no: EM13606780

The Marx Company issued $91,000 of 11% bonds on April 1, 2010 at face value. The bonds pay interest semiannually on January 1 and July 1. The bonds are dated January 1, 2010, and mature on January 1, 2014. Determine the total interest expense related to these bonds for the year ended December 31, 2010.

Reference no: EM13606780

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