Assume the current carrying amount of bonds payable is $306,850, and the par...
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Accounting
Assume the current carrying amount of bonds payable is $306,850, and the par value of the bonds is $300,000. The stated rate is 10%, and the yield is 9%. The effective-interest method of amortization is used and interest is paid semiannually. The next journal entry to record the interest payment and amortization includes a debit to interest expense for: (Round-up your calculations to the closest dollar; no decimals) O A. $13,500 O B. $15,500 O c. $16,192 OD. $13,808
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