On january 1 2009 truman corporation issued 600 000 of, Ask an Expert

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On January 1, 2009, Truman Corporation issued $600, 000 of 20-year, 11% bonds for $554, 860, yielding a market (yield) rate of 12%. Interest is payable semiannually on June 30 and December 31. Calculate the Interest Expense amount recorded on June 30, 2009

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92021354

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