James company sold 880,000 of 6%,10 year bonds at 96 on January 1,2024. ...

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Accounting

James company sold 880,000 of 6%,10 year bonds at 96 on January 1,2024.
The bonds were dated January 1,2024 and pay interest on June 30 and December 31.
James paid 40,000 in bond issue costs.
If james uses the straight line amortization, the amount of interest expense for year 2024 would be:

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