The fiscal year ends December 31 for Development. Inc. To provide funding for its construction project, Development. Inc. issued -% bonds with a face amount of $---,--- on September 1, 2021.The bonds sold for $---,---, a price to yield the market rate of -%. The bonds mature October 31, 2041 (20 years). Interest is paid semiannually on April 30 and October 31.

On September 1, 2021, would interest have to be accrued from April 30 to September 1? So the interest paid on October 31 will be for the entire 6 months? Also until October 31, none of this accrued interest will impact the amortization of the bond?