A company issued $300,000 of 20-year, 8 percent bonds at 96. If interest is paid semiannually, the entry to record the amount of bond interest expense recorded (assuming the straight-line method of amortization) on any interest date is:
A) Bond Interest Expense 12,000 Cash 12,000
B) Bond Interest Expense 24,300 Unamortized BondDiscount 300Cash 24000
C) Bond Interest Expense 23,700 Cash 23,700
D) Bond Interest Expense 12,300 Unamortized BondDiscount 300Cash 12000
D
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