On October 31,2011,Bondable,Inc.issued $20,000 of 10-year,6% bonds at 100.The bonds pay interest annually on October 31.On its income statement for the year ended December 31,2011,the year the bonds were issued,Bondable will show Interest expense of ________.

Question

Quizplus · Accepted Answer

The Answer of On October 31,2011,Bondable,Inc.issued $20,000 of 10-year,6% bonds at 100.The bonds pay interest annually on October 31.On its income statement for the year ended December 31,2011,the year the bonds were issued,Bondable will show Interest expense of ________.