Knollwood Corporation issued $286,000 of 30-year,8 percent bonds at 106 on one of its semiannual interest dates.The straight-line method of amortization is to be used.The entry to record the bond interest expense on the next interest payment date is:

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The Answer of Knollwood Corporation issued $286,000 of 30-year,8 percent bonds at 106 on one of its semiannual interest dates.The straight-line method of amortization is to be used.The entry to record the bond interest expense on the next interest payment date is:

Knollwood Corporation Issued $286,000 of 30-Year,8 Percent Bonds at 106