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On January 1, Year 1, assume Smart Touch Learning issued 10-year, 100,000 bonds at 105%...

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Accounting

On January 1, Year 1, assume Smart Touch Learning issued 10-year, 100,000 bonds at 105% with an interest rate of 6% paid semi-annually. Using the straight-line amortization method, what is the amount of interest expense recorded each interest period?

A. 2,750

B. 3,250

C. 6,250

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