Macias Company issued $400,000 of 10%, 8-year bonds on March 1, 2018, for $450,800 to yield 7% Interest is payable on June 30 and December 31 The amount of interest expense to record if financial statements are issued on May 31, 2018 i O A

Accounting Dec 11, 2021

Macias Company issued $400,000 of 10%, 8-year bonds on March 1, 2018, for $450,800 to yield 7% Interest is payable on June 30 and December 31 The amount of interest expense to record if financial statements are issued on May 31, 2018 i O A. $7,000 OB.$11,270 O C510,000 O D. $7.889