Business, 06.12.2021 20:10 BradFarquharson472

On January 1, 2021, Legion Company sold $200,000 of 10% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $177,000, priced to yield 12%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of: a. $8,850.
b. $10,620.
c. $12,000.
d. $21,240.

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On January 1, 2021, Legion Company sold $200,000 of 10% ten-year bonds. Interest is payable semiannu...