Schmid corporation issues $450,000, 12%, 5minusyear bonds on january 1, 2019 for $439,000. interest is paid semiannually on january 1 and july 1. if schmid uses the straightminusline method of amortization of bond discount, the amount of bond interest expense on july 1, 2019 is:
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Schmid corporation issues $450,000, 12%, 5minusyear bonds on january 1, 2019 for $439,000. interest...
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