On July 1,2014,Brownlee Corporation issues $1,500,000 of 10-year,7% bonds dated July 1,2014 at 90.Brownlee uses the straight-line method of amortization.Interest is paid each July 1 and January 1.Brownlee Corporation's fiscal year end is June 30.The interest expense recognized for the first semiannual interest payment on January 1,2015 is:

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The Answer of On July 1,2014,Brownlee Corporation issues $1,500,000 of 10-year,7% bonds dated July 1,2014 at 90.Brownlee uses the straight-line method of amortization.Interest is paid each July 1 and January 1.Brownlee Corporation's fiscal year end is June 30.The interest expense recognized for the first semiannual interest payment on January 1,2015 is:

On July 1,2014,Brownlee Corporation Issues $1,500,000 of 10-Year,7% Bonds Dated