15. Megan, Inc., sold $500,000 of its 9%, five-year bonds dated January 1, 2018, on May 1, 2018, for $493,000 plus accrued interest. Interest is paid on January 1 and July 1 and straight-line amortization is used. Interest expense after the July 1, 2018, interest payment has been posted is a. $8,200 b. $7,750 c. $7,500 d. $6,800

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