on november 1, 2019, davis company issued $30,000, ten-year, 7% bonds for $29,100. the bonds were dated november 1, 2019, and interest is payable each november 1 and may 1. davis uses the straight-line method of amortization. how much is the semi-annual interest expense when the straight-line method of amortization is utilized?

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07-12-2022
Business

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on november 1, 2019, davis company issued $30,000, ten-year, 7% bonds for $29,100. the bonds were dated november 1, 2019, and interest is payable each november 1 and may 1. davis uses the straight-line method of amortization. how much is the semi-annual interest expense when the straight-line method of amortization is utilized?

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