On April 2011 the board of directors op a company issue a 3 milliom of 12%, 20 years bonds payable. The semi annual interest dates are september 30 and March 31. The company ammortizes premiums and discounts by the straight line method + it’s fiscal year ends on december 31. The bonds are issued at 95.
Calculate accural interest and ammortization of discount on december 31, 2012…