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What frey unamortized bond discount should be

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Problem 1: On July 1, 2018, Frey, Inc. issued 9% bonds in the face amount of $8,000,000, which mature on July 1, 2024. The bonds were issued for $7,648,000 to yield 10%, resulting in a bond discount of $352,000. Frey uses the effective-interest method of amortizing bond discount. Interest is payable annually on June 30. At June 30, 2020, Frey's unamortized bond discount should be?

Reference no: EM132826919

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