What amount of accrued interest payable


On January 31, 2009, B corp issued 600,000 face value, 12% bonds for 600,000 cash. 10yr bond, Interest will be paid semiannually on 6/30 and 12/31. What amount of accrued interest payable should B report on its 9/30/09 balance sheet?

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Accounting Basics: What amount of accrued interest payable
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