What are the total proceeds from february 1-2012 sale

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Reference no: EM13333469

On May 1, 2011, Stanton Company purchased $50000 of Harris Company's 12% bonds at 100 plus accrued interest of $2000. On June 30, 2011, Stanton received its first semiannual interest. On February 1, 2012, Stanton sold $40000 of the bonds at 103 plus accrued interest.

What are the total proceeds from February 1, 2012 sale?

Reference no: EM13333469

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