Question
i need answer to the second part of the question please On January 1, 2021, RoRo Co. sold $5,000,000 of its 10% bonds for $4,426,480
i need answer to the second part of the question please
On January 1, 2021, RoRo Co. sold $5,000,000 of its 10% bonds for $4,426,480 to yield 12%. Interest is payable semiannually on January 1 and July 1. What amount should RoRo report asinterest expensefor the six months ended June 30, 2021? Also, what amount ofinterest paidis owed to investors by RoRo for Dec. 31st, 2021?
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Cornerstones of Managerial Accounting
Authors: Mowen, Hansen, Heitger
3rd Edition
324660138, 978-0324660135
