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Lena [83]
3 years ago
13

Turner Company issued $300,000 of 6%, 5-year bonds at 98.

Business
1 answer:
Vladimir [108]3 years ago
3 0

Answer:

d. $19,200

Explanation:

Turner Company issued $300,000 of 6%, 5-year bonds at 98. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date?.

=($300,000 x 6% plus $6,000/5)

Therefore the correct answer is d)$19,200

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