At 31 December 20X8, Hulu Ltd. reports the following on its statement of financial position: On 1
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At 31 December 20X8, Hulu Ltd. reports the following on its statement of financial position:
On 1 March 20X9,40% of the bond issue was bought back in the open market and retired at 99 plus accrued interest. The following table relates to 20X9 (numbers have been rounded):
Required:
Provide the entries to record:
1. Interest to the date of retirement on the 40% of hond retired.
2. Bond retirement.
3. Interest on 30 June 20X9 for the portion of the bond still outstanding.
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