Homework Answers
| Cash interest received | 4800 | =120000*8%/2 |
| Interest revenue for first interest payment | 3720 | =124000*6%/2 |
| Premium amortized for first payment | 1080 | |
| Carrying value after first payment | 122920 | =124000-1080 |
| Interest revenue for second interest payment | 3688 | =122920*6%/2 |
| Option B $3688 is correct |
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On January 1, 2021, Rupar Retailers purchased $120,000 of Anand Company bonds at a premium of...
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