Business, 06.05.2020 05:31 blesskids600

Mountaintop Sports Inc. issued $200,000 of 10-year, 6% bonds, with interest payable semiannually on June 30 and December 31 each year. The bonds were sold at 100. Assuming Mountaintop Sports has a December 31 fiscal year end, what amount should be recorded as interest expense in the journal entry made each six months?

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Mountaintop Sports Inc. issued $200,000 of 10-year, 6% bonds, with interest payable semiannually on...