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What amount should RoRo report as interest expense

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Question - On January 1, 2021, RoRo Co. sold $5,000,000 of its 10% bonds for $4,426,480 to yield 12%. Interest is payable semiannually on January 1 and July 1. What amount should RoRo report as interest expense for the six months ended June 30, 2021? Also, what amount of interest paid is owed to investors by RoRo for Dec. 31st, 2021?

Reference no: EM132909455

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