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Find the amount of interest expense to be reported on July

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Question - Sage Co. sold $1,890,000 of 12%, 10-year bonds at 105 on January 1, 2020. The bonds were dated January 1, 2020, and pay interest on July 1 and January 1. If Sage uses the straight-line method to amortize bond premium or discount, find the amount of interest expense to be reported on July 1, 2020, and December 31, 2020.

Reference no: EM132648662

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