A corporation issues 2000, 10%, 5-year bonds on
January 1, 2017, for $183900. Interest is paid annually on January
1. If the corporation uses the straight-line method of amortization
of bond discount, the amount of bond interest expense to be
recognized in December 31, 2017’s adjusting entry is

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Question: A corporation issues $192000, 10%, 5-year bonds on January 1, 2017, for $183900. Interest is paid…
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$19200.

$20820.

$17580.

$1620.

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