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## Accounting

 Accounting Basics Cost Accounting Financial Accounting Managerial Accounting Auditing Taxation

On January 1, 2010, Saldano, Inc. issued \$50,000 of ten-year 8% bonds for \$43,800. Interest was payable semiannually. The effective yield was 10%. The effective interest method of discount amortization was used. What amount of interest expense should be recorded for the six-month period ending December 31, 2010?

Select one:

a. \$2,205.50

b. \$2,199.50

c. \$2,209.00

d. \$2,180.50

Accounting Basics, Accounting

• Category:- Accounting Basics
• Reference No.:- M946039

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