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  3. a corporation issued $200,000, 10%, 5-year bonds o

A corporation issued $200,000, 10%, 5-year bonds on January 1, 2021 for $216,222, which reflects...

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Accounting

A corporation issued $200,000, 10%, 5-year bonds on January 1, 2021 for $216,222, which reflects an effective-interest rate of 8%. Interest is paid semi-annually on January 1 and July 1. The amount of bond interest expense to be recognized on July 1, 2021, is

Select one: A. $8,000. B. $10,811. C. $8,649. D. $10,000.

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