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Homework Answers
Interest paid on June 30 = 900000*6%*6/12 = 27000
Interest expense on June 30 = 777690*8%*6/12 = 31108
Discount amortization = 31108-27000 = 4108
Interest paid on Oct 31 = 900000*6%*4/12 = 18000
Interest expense on Oct 31 = (777690+4108)*8%*4/12 = 20848
Total interest expense = 31108+20848 = 51956
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NEED ASAP 10 MINS !!!! SHOW CALCULATIONS PLEASE!
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