On 1109 abc company sold 200000 of 10 ten-yr bonds. interst, Ask an Expert

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On 1/1/09 ABC Company sold $200,000 of 10% ten-yr bonds. Interst paid semiannually on 6/30 and 12/31. The bonds sold for $177,000. ABC records interest at the effective rate. What much bond interest expense should ABC reports bond interest expense for the 6 months ending 6/30/09?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9445127

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