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On January 1, $909,000, five-year, 10% bonds, were issued for $881,730. Interest is paid semiannually...

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Accounting

On January 1, $909,000, five-year, 10% bonds, were issued for $881,730. Interest is paid semiannually on January 1 and July 1. If the issuing corporation uses the straight-line method to amortize the discount on bonds payable, the semiannual amortization amount is

a.$45,450

b.$5,454

c.$27,270

d.$2,727

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