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  3. 2. 20.00 points on november 1, 2015, davis company

2. 20.00 points On November 1, 2015, Davis Company issued $30,000, eight-year, 7% bonds for...

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2. 20.00 points On November 1, 2015, Davis Company issued $30,000, eight-year, 7% bonds for $29,440. The bonds were dated November 1, 2015, and interest is payable each on May 1 and November 1-Davis uses the straight-line method of amortization. How much is the semi-annual interest expense when the straight-line method of amortization is utilized? o $2,065. $2.170. o $2,030. $1,085. References

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