on April 1, 2016, Rizzo company purchased *80,000 of 4.5%, 20 year energizer company bonds...
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on April 1, 2016, Rizzo company purchased *80,000 of 4.5%, 20 year energizer company bonds at their face amount plus one months accrued interest. the bonds pay interest on march 1 and Sept. 1. On November 1, 2016 Rizzo Company sold $30,000 of the energizer company bonds acquired on April 1 plus two months accrued interest. on December 31, 2016 four months interest was accrued for the remaining bonds. Determine the interest earned by Rizzo Company on Energizer COMPANY BONDS FOR 2016. Do not round interim computations and round final answer to nearest dollar.
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