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On July 2. 2021. Martineau Ltd. issued $6.000.000 (par value), 9%, ten-year convertible bonds at...

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Accounting

On July 2. 2021. Martineau Ltd. issued $6.000.000 (par value), 9%, ten-year convertible bonds at 98. The bonds were dated April 1. 2021 with interest payable quarterly on July 1. October 1. January 1 and April 1. If the bonds had 1401` been convertible. they would have sold for 96.1. The bond discount is amortized on a straight-line basis. What is the debit to Interest Expense on Oct 1. 2021?

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