Question: why the answer is 1,333? Question text On May 1, 2016, Walloon purchased $100,000,8% bonds at 102 plus accrued interest. The bonds mature on 11/1/19.

why the answer is 1,333?

Question text On May 1, 2016, Walloon purchased $100,000,8% bonds at 102 plus accrued interest. The bonds mature on 11/1/19. Straight-line amortization is used. Semiannual interest is collected each May 1 and November 1 . Walloon should report on the 12/31/16 balance sheet an Interest Receivable of

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