(Answered) Question on january 1 2018 lyles limeade issues 4 10-year

Finance

Question: On January 1, 2018, Lyle's limeade issues 4%, 10-year bonds with a face amount of $90,000 for $82,985, priced to yield 5%. Interest is paid semiannually. What amount of interest expense will be recorded in the December 31, 2018, annual income statement?

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