On January 1,2009, The Company issued $400,000 of 5 year, 5% bonds at a discount....
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Accounting
On January 1,2009, The Company issued $400,000 of 5 year, 5% bonds at a discount. The Company issues these bonds for $382,938, since the market rate was 6%. Interest is paid semi-annually every June 30 and December 31". How much interest expense is recoreded by the Company on June 20, 2009?
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