On January 1, 2021, Legion Company sold $270,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $208,062, priced to yield 12%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of: (Round your answer to the nearest dollar amount.)
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On January 1, 2021, Legion Company sold $270,000 of 8% ten-year bonds. Interest is payable semiannua...
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