On October 1,Allan Company issued 8%,10-year,$300,000 bonds at 100.Interest dates are April 1 and October 1.The amount of cash paid out for interest during the current calendar year is:

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The Answer of On October 1,Allan Company issued 8%,10-year,$300,000 bonds at 100.Interest dates are April 1 and October 1.The amount of cash paid out for interest during the current calendar year is:

On October 1,Allan Company Issued 8%,10-Year,$300,000 Bonds at 100