Answered: The total interest paid on $46,000,…

The total interest paid on $46,000, ten-year, 6 percent bonds that are issued at 98 is a. $28,520. b. $26,680. c. $28,060. d. $27,600.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 5MC: On January 1, a company issued a 5-year $100,000 bond at 6%. Interest payments on the bond of $6,000...

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Question

The total interest paid on $46,000, ten-year, 6 percent bonds that are issued at 98 is

a. $28,520.

b. $26,680.

c. $28,060.

d. $27,600.

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