Shark Co.sold a $10,000, 8%, 5-year bond for $10,853 to yield 6%.Interest is paid semi-annually.The first interest payment entry will record interest payable of:

Name: Shark Co.sold a $10,000, 8%, 5-year bond for $10,853 to yield 6%.Interest is paid semi-annually.The first interest payment entry will record interest payable of:
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The Answer of Shark Co.sold a $10,000, 8%, 5-year bond for $10,853 to yield 6%.Interest is paid semi-annually.The first interest payment entry will record interest payable of:

Shark CoSold a $10,000, 8%, 5-Year Bond for $10,853 to Yield