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Enviro Company issues 8%,10-year bonds with a par value of $320,000 and semiannual...

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Accounting

Enviro Company issues 8%,10-year bonds with a par value of $320,000 and semiannual interest payments. On the issue date, the
annual market rate for these bonds is 10%, which implies a selling price of 8712. The straight-line method is used to allocate interes
expense.
What are the issuer's cash proceeds from issuance of these bonds?
What total amount of bond interest expense will be recognized over the life of these bonds?
What is the amount of bond interest expense recorded on the first interest payment date?
Complete this question by entering your answers in the tabs below.
What is the amount of bond interest expense recorded on the first interest payment date?
Note: Round final answer to the nearest whole dollar amount.
Bond interest expense
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