On March 1, 2021, a company issued a four-year, P3,000,000 face value, 11% term bonds for P3,197,877. The bonds pay interest semi-annually every March 1 and September 1 and were issued to yield 9%. How much is the interest payable on December 31, 2022?

(Round off final answer to the nearest peso.)

Answer rating: 100% (QA)

Answer Date Account Dr Cr 20221231 Interest Expense 932288 Interest payable 9322... View the full answer