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On the first day of the fiscal year, a company issues a $2,000,000, 8%, five year...

On the first day of the fiscal year, a company issues a $2,000,000, 8%, five year bond for $2,170,600. Interest is paid semiannually. Premiums and discounts on bonds payable are amortized using the straight line method.

On the first interest payment date, for what amount would the interest expense account be debited?

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