a company issued 10-year, 6.00% bonds with a face value of $100,000. the company received $97,767 for the bonds. using the straight-line method of amortization, the amount of interest expense for the first annual interest period is:

The size or volume of non-count nouns is indicated by the word "amount." You can count the quantity of air in some kind of a bottle or the volume of water inside a beaker, for instance. In a similar manner, you can determine how much cat hair is visible on such a blanket or how much salt a patient has just consumed.

Briefing

Interest payable in cash = 100000*6% = $6000

Amortization of bond discount (Straight line) = Discount in issue of bond / number of years

Amortization of bond discount = (100000 - 97,767) / 10

Amortization of bond discount = 2233 / 10

Amortization of bond discount = 223.3

Amount of interest Expense = 6000 + 223.3

Amount of interest Expense = $6,223.30

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