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At 30 June 20×2 $1 8% loan notes in issue ,interest being paid half yearly on 30 June and 31st December.
On 30 Sep 20×2 the company redeemed $250,000 of these loan notes at par ,paying intrerest due to that date.
On 1st April 20×3 the company issued $500,000 7% loan notes ,interest payable half yearly on 31st March and 30 Sep.
What figure should appear in the company’s SOPL for interest payable in the year ended 30 June 20×3 ?
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