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On January 1, 2021, Legion Company sold $280,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and Decemb$9,804. $11,200. $12.255. $14,000.

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Answer #1

Answer :- Calculation of cash interest for the six months ended

June 30, 2021 :-

Interest paid by Legion for the six month ended June 30,2021 is :- $280,000 *8% *6/12

= $11,200

So the correct answer is option B.($11,200)

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