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06-06-2023
Business

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On February 1, 2020, Delia Company issued $261,000 worth of bonds at par, with the interest rate of 5% per annum. The bonds will mature on January 31, 2027. Interest will be paid semi-annually on July 31 and January 31. The company has a December 31 year-end.
Calculate the accrued interest payable on December 31, 2021

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