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  3. on january 1, 2016, solo inc. issued $379,000 of i

On January 1, 2016, Solo Inc. issued $379,000 of its 6% bonds at 103. Interest...

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Accounting

On January 1, 2016, Solo Inc. issued $379,000 of its 6% bonds at 103. Interest is payable semiannually on January 1 and July 1. The bonds mature in ten years. Solo uses straight-line amortization. The amount of interest expense for the year is:

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