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On January 1, Y1, Davie Services issued $20,000 of 8% bonds that mature in five...

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Accounting

On January 1, Y1, Davie Services issued $20,000 of 8% bonds that mature in five years. They were sold at a discount for $19,000. The bonds pay semi-annual interest on June 30 and December 31 of each year. On December 31, Y1, how much is the interest paid to bondholders? a. $900 b. $1,600 c. $760 d. $800

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