Interest for bond (held-to-maturity) investments

On February 1, Hansen Company purchased $120,000 of 5%, 20-year Knight Company bonds at their face amount plus 1 months accrued interest. The bonds pay interest on January 1 and July 1. On October 1, Hansen Company sold $40,000 of the Knight Company bonds acquired on February 1, plus 3 months accrued interest. On December 31, 3 months interest was accrued for the remaining bonds.

Determine the interest earned by Hansen Company on Knight Company bonds for the year.

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Interest for bond (hel-to-many) investments On February 1, Hansen Company Durchased $120.000 of 4, 20-year high Company bonds at their face amounts Imothered interest. The bords Day werest today on October Hansen Company Sold 540,000 of the high actured on February 1 plus 3 months woederst. On December 31, 3 months interest was crued for the eneng bonds Determine the interested by Haren Company on Knight Combords for the