Question: 11:03 LTE < Back Assess 2-Assignment... < > Question 18 Not yet answered Marked out of 0.75 ABL Company purchased $400,000 of 10% bonds of

11:03 LTE < Back Assess 2-Assignment... < > Question 18 Not yet answered Marked out of 0.75 ABL Company purchased $400,000 of 10% bonds of XYZ Co. on January 1, 2011 by paying $376,100. The bonds mature on January 1, 2021. The interest is payable each July 1 and January 1. The discount of $23,900 provides an effective yield of 12%. ABL Company holds these bonds for collection. On July 1, 2011, ABL Company should increase interest revenue account by? a. $22,500 b. $2,566 c. $20,000 d. $22,566 Clear my choice

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