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(Solved) : Please Show Work Woodward Corporation Issued 100 000 10 Five Year Bonds January 1 2019 108 Q34209214

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Answer to (Please show work) Woodward Corporation issued $100,000​, 10​%, five​-year bonds on January​ 1, 2019​, for $10…

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(Please show work)

Woodward Corporation issued $100,000​, 10​%, five​-year bonds onJanuary​ 1, 2019​, for $108,110 when the market interest rate was8​%. Interest is paid semiannually on January 1 and July 1. Thecorporation uses the ​effective-interest method to amortize bonddiscounts and premiums. The total amount of bond interest expenserecognized on July​ 1, 2019​, would be closest to

answer: $4,324