Leidysmarian1660 Leidysmarian1660

29-05-2024
Business

Answered

On January 1, 2021, Lumina Corporation issued $700,000, 5% bonds for $685,000, to yield 6%. The bonds pay interest on June 30 and December 31. How much is the interest expense on the bonds for the first interest payment on June 30, 2021? Note: your answer should be formatted as a whole number without currency symbols or punctuation.

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