Question:On January 1, Dias Corporation issued $1,000,000, 14%, 5-year bonds with interest payable on July 1 and January 1. The bonds sold for $1,098,540. The market rate of interest for these bonds was 12%. On the first interest date, using the effective-interest method, the debit entry to Bond Interest Expense is for: 

A $60,000 
B $76,000 
C $65,912 
D $131,825 

+ Answer
C 

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Md. Saydul Alam

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