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Compute the bond interest expense for the year ended

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Question - On January 1 of the current year, Barton Corporation issued 8% bonds with a face value of $88,000. The bonds are sold for $83,600. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, five years from now. Barton records straight-line amortization of the bond discount. Compute the bond interest expense for the year ended December 31?

a. $3,520

b. $8,360

c. $440

d. $7,920

Reference no: EM132556453

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