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Lindsay Corp. sold $2,500,000 of 11%, 10-year bonds at 106.231 to yield 10% on January 1,...

Lindsay Corp. sold $2,500,000 of 11%, 10-year bonds at 106.231 to yield 10% on January 1, 2015. The bonds were dated January 1, 2015, and pay interest on July 1 and January 1. Determine the amount of interest expense to be reported on July 1, 2015, and December 31, 2015

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ekkarill92 answered 6 months ago
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