On January​ 1, 2023, Jones Corporation issued​ $2,982,000, 9%, 5 - year bonds with interest payable on  January 1 and July 1. The bonds sold for $2,834,798. The market rate of interest was 11%. Using the effective interst method, the debit entry to interest expense on July 1, 2023 is ( round to the nearest dollar.)   A. ​$155,914.   B. ​$127,566.   C. ​$164,010.   D. ​$134,190.

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Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.