Johnson Company issued $50,000 bonds payable,9% annual interest,maturity in ten years.The bonds were sold at 96.Johnson uses straight-line amortization.What would the amount of interest expense be each full year?

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The Answer of Johnson Company issued $50,000 bonds payable,9% annual interest,maturity in ten years.The bonds were sold at 96.Johnson uses straight-line amortization.What would the amount of interest expense be each full year?

Johnson Company Issued $50,000 Bonds Payable,9% Annual Interest,maturity in Ten