On January 1 of the Current Year, Barton Corporation Issued

question 4

Multiple Choice

On January 1 of the current year, Barton Corporation issued 10% bonds with a face value of $200,000. The bonds are sold for $191,000. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, five years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is

• A) $10,900
• B) $18,200
• C) $21,800
• D) $29,000

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