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Safari File Edit View History Bookmarks Window Help M 19%D Wed 10:49 AM Q E ezto.mheducation.com Lemoine ACCT-2010-M50 - Fundamentalsol Acet Che Required asignment Chegg Slutty Solutions and Study He.. Financial Accounting Halal? | Yahoo Answers + E connect James Mashburn ACCOUNTING Financial Accounting 4e ACCT 2010: Summer 2018 Online ACCT 2010 M50 Financial Accounting T-Wovies 2010.mp4 Ch9 Required Assignment instructions help 1 * 6 Sm Ext Submit 4. value 0.60 points Brief Exercise 9-12 Calculate interest expense (LO9-6) On January 1, 2018, Lizzy's Lemonade issues 6%, 10-year bonds with a face amount of $83,000 for $77,102, priced to yield 7%. Interest is paid semiannually. What amount of interest expense will be recorded on June 30, 2018, the first interest payment date? interms cxpers References eBook & Resources Worksheet Difficulty: 1 Easy Brief Exercise 9-12 Calculate interest expense (LO9-6) Learning Cajective: 09-06 Account for the issuance of bonds. Check my work 2018 McGraw-Hill Education. All rights reserved Calculator 90 E2290 - © w = pixi 9 Ü

Explanation / Answer

Interest expense = $77,102 × 7% × ½   

Interest expense = $2,699

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