Lassen Corporation issued ten-year term bonds on January 1, 2010, with a face value of $800,000. The face interest rate is 8 percent and interest is payable semi-annually on June 30 and December 31. The bonds were issued for $690,960 to yield an effective annual rate of 10 percent. The effective interest method of amortization is to be used. The entry on June 30, 2010, to record the payment of interest and amortization of discount is: 
Definitions:
Philippe Pinel
A French physician known for his humane treatment of psychiatric patients in the late 18th and early 19th centuries, often considered the father of modern psychiatry.
Humanitarian Reform Movements
Initiatives aimed at promoting welfare and social reforms to improve human conditions and rights.
La Salpêtrière
Originally a gunpowder factory, La Salpêtrière became an infamous asylum for the mentally ill in 17th century Paris.
Unconditional Positive Regard
A concept in client-centered therapy stating that therapists should accept and support clients regardless of what they say or do.
Q58: Under the effective interest method of amortizing
Q76: Beckham Corporation has 3,000 shares of $100
Q77: A U.S. Treasury bill with an original
Q83: Lassen Corporation issued ten-year term bonds on
Q111: Match each of the following terms with
Q136: A good measure of confidence in a
Q149: Using the following information from an annual
Q172: In general, an accounting method or estimate
Q181: Use the following information to answer the
Q187: When bonds are converted to common stock,