On January 1 of the current year, the Barton Corporation issued 8% bonds with a face value of $96,000. The bonds are sold for $91, 200. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, five years from now. Barton Corporation records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is a. $8, 640 b. $9, 120 c. $3, 840 d. $480
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