On June 1, $50,000 of treasury bonds were purchased between interest dates. The broker commission was $500.

Question:

On June 1, $50,000 of treasury bonds were purchased between interest dates. The commission was $500. The bonds pay interest at 12%, which is paid semiannually on January 1 and July 1. What is the total cost to be debited to the Investment - Treasury Bonds account?
Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...