On January 1,2015,when the market rate was 8%,Bucknor Corporation issued $800,000,10%,10-year bonds.Interest is payable semiannually on July 1 and January 1.The bonds were issued for $908,732.When the July 1,2015 interest payment is recorded,what amount should be recorded as interest expense,using the effective interest method?

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The Answer of On January 1,2015,when the market rate was 8%,Bucknor Corporation issued $800,000,10%,10-year bonds.Interest is payable semiannually on July 1 and January 1.The bonds were issued for $908,732.When the July 1,2015 interest payment is recorded,what amount should be recorded as interest expense,using the effective interest method?

On January 1,2015,when the Market Rate Was 8%,Bucknor Corporation Issued