Webster Company issues $1,000,000 face value, 6%, 5-year bonds payable on 31 December 2013. Interest is paid semiannually each 30 June and 31 December. The bonds sell at a price of 97; Webster uses the straight-line method of amortizing bond discount or premium.
-The amount of bond interest expense recognized by Webster Company in 2013 with respect to these bonds is:
A) $60,000.
B) $63,000.
C) $120,000.
D) $66,000.

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The Answer of  Webster Company issues $1,000,000 face value, 6%, 5-year bonds payable on 31 December 2013. Interest is paid semiannually each 30 June and 31 December. The bonds sell at a price of 97; Webster uses the straight-line method of amortizing bond discount or premium.
-The amount of bond interest expense recognized by Webster Company in 2013 with respect to these bonds is:
A) $60,000.
B) $63,000.
C) $120,000.
D) $66,000.

Webster Company Issues $1,000,000 Face Value, 6%, 5-Year Bonds Payable