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5 Suppose Al-Qurm Inc. purchases 500,000 of 6% annual bonds of Sohar Corporation at face value on on January 1, 2014. these bonds pay interest

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5 Suppose Al-Qurm Inc. purchases 500,000 of 6% annual bonds of Sohar Corporation at face value on on January 1, 2014. these bonds pay interest on June 30 and December 31 each year. They mature on December 31, 2018. Al-Qurm intendes to hold Sohar bond investment until maturity Requirements 1. Journalize the Al-Qurm's transaction related to bonds for 2014 2. Journalize the entry required on Sohar bonds maturity date. (assume the last interest payment has already been recorded)

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