Business, 22.12.2020 22:50 mercedes73

On January 1, 2021, Legion Company sold $290,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $217,719, priced to yield 10%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of: (Round your answer to the nearest dollar amount.) Multiple Choice $8,700. $10,886.

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On January 1, 2021, Legion Company sold $290,000 of 6% ten-year bonds. Interest is payable semiannua...

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