On September 1,2015,RC sold $10,000,6% (payable semi-annually each March 1 and September 1),10-year bonds dated September 1,2015,to yield 8%.RC uses straight-line amortization.The accounting period ends December 31.
(a)The sale price of the bond was $________________.
(b)Interest expense for 2015,was $________________.

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The Answer of On September 1,2015,RC sold $10,000,6% (payable semi-annually each March 1 and September 1),10-year bonds dated September 1,2015,to yield 8%.RC uses straight-line amortization.The accounting period ends December 31.
(a)The sale price of the bond was $________________.
(b)Interest expense for 2015,was $________________.

On September 1,2015,RC Sold $10,000,6% (Payable Semi-Annually Each March 1