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Franklin corporation issues $93,000,8%, 5 year bonds on January 1, for $97,190. Interest is paid...

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Accounting

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Franklin corporation issues $93,000,8%, 5 year bonds on January 1, for $97,190. Interest is paid semiannually on January 1 and July 1. If Franklin uses the straight line method of amortuation of bond premium, the amount of bond interest expense to be recognized on July 1 is O $4,139 Ob $3,301 Oc $3,720 Od. 57.440

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