Asked by debbie

herman company received proceeds of $188,500 on 10-year, 8% bonds issued on january 1, 2009. the bonds had a face value of $200,000, pay interest semi-annually on june 30 and december 31, and have a call price of 101. herman uses the straight-line method of amortization. what is the amount of interest expense herman will show with relation to these bonds for the year ended december 31, 2010?
Answered by Lara atwi
16,000$
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