On January 2, 20X1, Meister Company issues $200,000 of 6% bonds. Interest of $6,000 is...
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On January 2, 20X1, Meister Company issues $200,000 of 6% bonds. Interest of $6,000 is payable semi-annually on June 30 and December 31. The bonds mature in 5 years. The market interest rate is 7%. The bond issues for $191,684. On June 30, the company should recognize a discount amortization of:
$1,418
$0.
$249.
$709.
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