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Business, 18.03.2021 01:50 bakoeboo

On January 1, 2021, Legion Company sold $240,000 of 4% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $150,272, priced to yield 10%. Legion records interest at the effective rate. Legion 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.) Multiple Choice $4,800. $12,000. $7,514. $19,200.

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On January 1, 2021, Legion Company sold $240,000 of 4% ten-year bonds. Interest is payable semiannua...
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