Question Help On August​ 1, 2018​, Gitore​, ​Inc., sold equipment and accepted a​ six-month, 9​%, $40,000 note receivable. Gitore's ​year-end is December 31. How much interest revenue should Gitore accrue on December​ 31, 2018​?

On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?