What would the journal entry to record interest expense

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Question - ABC Corp. issued $5,000,000 of 6%, 5-year, convertible bonds on November 30, 2019 for $5,088,000, plus accrued interest. The bonds were dated September 1, 2018 with interest payable each March 1 and September 1. If the bonds had not been convertible bonds, they would have sold for $4,972,000. Assuming the bond discount is amortized each interest period on a straight-line basis and that interest payable is credited for accrued interest. What would the journal entry to record interest expense at March 1, 2020, be, assuming interest payable was credited when the bonds were issued?

Reference no: EM132816240

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