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What the amount of bond interest expense reported

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Question - Magenta Corporation issued $500,000 of its 6%, 10-year bonds, dated January 1, 2016, at face value plus accrued interest on September 1, 2016. Interest is paid on June 30 and December 31. Magenta uses the most common method to record the sale of the bonds between interest payment periods. What the amount of bond interest expense reported on the year-end 2016 income statement?

A. $30,000

B. $15,000

C. $10,000

D. $25,000

Reference no: EM133121626

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