Mayberry,Inc. ,issued $100,000 of 10-year,12% bonds dated April 1,2019,for $102,360 on April 1,2019.The bonds pay interest annually on April 1,beginning in 2020.Straight-line amortization is used by the company.What entry is required at April 1,2020 for the first interest payment?
A) 
B) 
C) 
D) 
Correct Answer:
Verified
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