The marx company issued 96000 of 7 bonds on april 1 2010 at

Reference no: EM13607176

The Marx Company issued $96,000 of 7% 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: EM13607176

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