On January 1, Abbie Corporation issued $500,000 of 12%, 6 year bonds with interest payable semi-annually on June 30 and December 31. The bonds were issued for $530,000. Using the straight line method, on the first interest date, the debit to Interest Expense is for:

A. $27,500
B. $30,000
C. $31,800
D. $32,500

Ans: A. $27,500

Business

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The local library system offers some employees the opportunity to work five days per week for four hours each day. These employees also receive the same health insurance and paid time off plans that the employees working 40 hours per week receive

From this example, we know the library system is offering ________.A) flextime B) job sharing C) permanent part-time schedules D) compressed workweeks E) telecommuting

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