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What the interest expense for the six months ending july

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Reference no: EM133171446

Question - On January? 1, 2020?, Moville Corporation issued $1,300,000?, 8?%, 20?-year bonds. The bond interest is payable on January 1 and July 1. The bonds sold for $2,011,243. The market rate of interest when the bonds were issued was 4?%. Under the? effective-interest method, what the interest expense for the six months ending July? 1, 2020?

A. $40,225.

B. $104,000.

C. $52,000.

D. $26,000.

Reference no: EM133171446

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