Brimfest Corporation issued $ 2 400 000, 10-year, 6% bonds for $ 2 352 comma 000 on January 1, 2019. Interest is paid semiannually on January 1 and July 1. The corporation uses the straight-line method of amortization. Brimfest's fiscal year ends on December 31. The amount of discount amortization on July 1, 2019, would be:
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Brimfest Corporation issued $ 2 400 000, 10-year, 6% bonds for $ 2 352 comma 000 on January 1, 2019....
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