A Company Issued 10-Year,7% Bonds with a Face Value of $100,000.The

question 80

Multiple Choice

A company issued 10-year,7% bonds with a face value of $100,000.The company received $97,947 for the bonds.Using the straight-line method of amortization,the amount of interest expense for the first interest period is::

• A)7,000.00
• B)7,205.03
• C)6,794.70
• D)2,053.00