Determine the interst earned by todd company

Reference no: EM13121292

On may 1,2012 company purchased $66,000 of 5%,12 year lincoln company bonds at par two months accured interest. The bond pay interest on march 1 and septmber1. on october 1,2012,todd copany sold $24,000 of lincoln company bonds acquired on may 1. plus one month accured interest.on december 31,2012, four omnyhs interst was acuured for the remaining bonds. Determine the interst earned by todd company on lincoln company bonds for 2012.

Reference no: EM13121292

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