How to includes accrued interest


On june 1, 2011, kirby, inc. issued $3,000,000, 6% bonds for $2,938,200, which includes accrued interest. Interest is payable semiannually on February 1 and August 1 with the bonds maturing on February 1, 2021. The bonds are callable at 102.

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Accounting Basics: How to includes accrued interest
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