On November 1, 2013, Davis Company Issued $30,000, Ten-Year, 7

Multiple Choice

On November 1, 2013, Davis Company issued $30,000, ten-year, 7% bonds for $29,100. The bonds were dated November 1, 2013, and interest is payable each November 1 and May 1. How much is the semi-annual interest expense when the straight-line method is utilized?

A) $2,010.
B) $2,190.
C) $1,095.
D) $2,055.