Business
Business, 14.05.2021 17:10, jojokeys

On January 1, 2021, El Dorado sold $250,000 of 4% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $135,301, priced to yield 12%. El Dorado records interest at the effective rate. El Dorado should report bond interest expense for the six months ended June 30, 2021, in the amount of:

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On January 1, 2021, El Dorado sold $250,000 of 4% ten-year bonds. Interest is payable semiannually o...

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