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The Names Bond is a secret spy agency in Downtown Vancouver. They recently issued a...

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Accounting

The Names Bond is a secret spy agency in Downtown Vancouver. They recently issued a $2 million, 6%, 2-year bond, dated January 1, 2030. Interest payments are semi-annual and are paid on July 1 and December 31. The bond was issued at a time when the market interest rate was 8%. The corporate year-end of The Names Bond is December 31. (PV of bond = $1,927,800). On December 31, 2030, The Names Bond would debit interest expense for?

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