Homework Answers
Answer : $ 1,151,500
Bond Cash interest for 7 years = 3,000,000*4%*7 = 840,000
Discount on Bonds Payables = 3,000,000- 2,688,500 = 311,500
Total Bond interest Expense = Cash interest + Umamortized Discount on Bonds Payables
= 840,000+311500 = 1,151,500 (Answer)
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