Business, 25.07.2020 03:01, ccarwile01

Oriole Co. sold $1,970,000 of 12%, 10-year bonds at 102 on January 1, 2017. The bonds were dated January 1, 2017, and pay interest on July 1 and January 1. If Oriole uses the straight-line method to amortize bond premium or discount, determine the amount of interest expense to be reported on July 1, 2017, and December 31, 2017. (Round answer to 0 decimal places, e. g. 38,548.) Interest expense to be recorded\

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Oriole Co. sold $1,970,000 of 12%, 10-year bonds at 102 on January 1, 2017. The bonds were dated Jan...