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Metlock Co. sold $1,880,000 of 12%, 10-year bonds at 105 on January 1, 2020. The...

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Accounting

Metlock Co. sold $1,880,000 of 12%, 10-year bonds at 105 on January 1, 2020. The bonds were dated January 1, 2020, and pay interest on July 1 and January 1. If Metlock uses the straight-line method to amortize bond premium or discount, determine the amount of interest expense to be reported on July 1, 2020, and December 31, 2020. (Round answer to 0 decimal places, e.g. 38,548.) Determine Interest expense to be recorded

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