Reports bond interest expense for some months

Reference no: EM13154990

On 1/1/09 ABC Company sold $200,000 of 10% ten-yr bonds. Interst paid semiannually on 6/30 and 12/31. The bonds sold for $177,000. ABC records interest at the effective rate. What much bond interest expense should ABC reports bond interest expense for the 6 months ending 6/30/09?

Reference no: EM13154990

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