Tates Place purchased $7,500 of WW Co. 10% bonds at their face amount, plus any accrued interest on June 5, 20Y5. Interest is paid semiannually, on March 31 and September 30. Prepare the journal entry to record the purchase. Round interest receivable to the nearest cent. Assume a 360-day year, with 30 days in each month.

How much interest would Tates Place from Exercise 6 receive on September 30, 20Y5? Prepare the journal entry required for the receipt.

please answer both. it is one full question together