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On January 1, 2021, The Surfing Company sold $250,000 of 4% ten-year bonds. Interest is...

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Accounting

On January 1, 2021, The Surfing Company sold $250,000 of 4% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $135,301, priced to yield 12%. The Surfing Company should report bond interest expense for the six months ended June 30, 2021, in the amount of: (Round your answer to the nearest dollar amount.)

Group of answer choices None of the options listed. $8,118. $11,261. $13,871. $20,000.

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