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59) on April 1, 2019 my Company purchaed $60,000 of New Corps 8% bonds at...

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Accounting

59) on April 1, 2019 my Company purchaed $60,000 of New Corps 8% bonds at a purchase price of 105. my company, whose year end is december 31, expects to hold the bonds until their maturity dayw 5 years from the date of the purchasr. Interest on bonds will be paid every April 1 and October 1 until maturity. Assuming the premium or discount is amortized every interest payment date using straight line amortization, how much interest revenue must my company record on October 1, 2019?

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