On May 1, 2018, Kirmer Corporation purchased $1,500,000 of 12% bonds, interest payable on January 1 and July 1, for $1,406,500 plus accrued interest. The bonds mature on January 1, 2024. Amortization is recorded when interest is received by the straight-line method (by months and round to the nearest dollar). (Assume bonds are available for sale.)

(athe entry for May 1, 2018

(b)The bonds are sold on August 1, 2019 for $1,412,500 plus accrued interest. Prepare all entries required to properly record the sale.

Question is that i am unhappy with the explanation. I do not understand calculations. For example :

(a)Debt Investments...........................................................................1,406,500

Interest Revenue ($1,500,000 .12 4/12)..................................60,000

Cash...................................................................................1,466,500

(b)Debt Investments ($93,500 68 1)jQuery20006021429073699094_1518291239086???.............................................1,375

Interest Revenue................................................................1,375?

Cash ($1,500,000 .12 1/12)???? and why?......................................................15,000

Interest Revenue................................................................15,000

Cash...............................................................................................1,412,500

Loss on Sale of Investments..........................................................14,625

Debt Investments...............................................................1,427,125

$1,406,500 + [($93,500 68) 15]?????