On July 1,2014,Saunter issued 2,000 of its 8 percent,$1,000 bonds for $1,752,000.The bonds were issued to yield 10 percent.The bonds are dated July 1,2014,and mature on July 1,2024.Interest is payable semiannually on January 1 and July 1.Using the effective-interest method,how much of the bond discount should be amortized for the six months ended December 31,2014?

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The Answer of On July 1,2014,Saunter issued 2,000 of its 8 percent,$1,000 bonds for $1,752,000.The bonds were issued to yield 10 percent.The bonds are dated July 1,2014,and mature on July 1,2024.Interest is payable semiannually on January 1 and July 1.Using the effective-interest method,how much of the bond discount should be amortized for the six months ended December 31,2014?

On July 1,2014,Saunter Issued 2,000 of Its 8 Percent,$1,000 Bonds