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12 The journal entry to record the payment of long service leave to an employee is OAD Provision for long service leave Cr Cash at

12 The journal entry to record the payment of long service leave to an employee is OAD Provision for long service leave Cr Cash at bank None of the above OC Dr. Long service leave expense O Casli at bank ODD Cash at bank) Cr Provision for long service leave QUESTION 13 XYZ Ltd, a company listed on the Australian Stock Exchange, issued $10 million of convertible notes on 1 July 2021. The notes had a four-year term and were issued at a face value o ausually on 30 June at 7% per annum. Each note was convertible at the option of the holder into one ordinary share on or before maturity. On 1 July 2021, the market interest rate for option, was 8% per annum. The fiscal year end of XYZ Ltd. is 30 June REQUIRED: Your answers must comply with AASB 132 Financial Instruments: Disclosure and Presentation' and AASB 9 Financial Instruments". 1. Prepare a journal entry to record the issue of the convertible notes on 1 July 2021. 2. Prepare journal entries to record the payments of interest to note holders on 30 June 2022 3. Assume that all of the notes are converted into ordinary shares at the end of the year ending 30 June 2022 (following the interest payment). Prepare a journal entry to record the ares Round to the nearest dollar amount. Show all workings. No narration is required. For the toolbar nres & T+F10IPC or Al T+F+F1 Mar

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