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(a) On 1st April 2017, a company issued OMR 100,000, 10 years, 5% bonds at face value. Interest is payable on 1st January and 1st
(a) On 1st April 2017, a company issued OMR 100,000, 10 years, 5% bonds at face value. Interest is payable on 1st January and 1st July every year. 31st December is the year end date for the company. Pass journal entries for the issue of bond and interest for the year ending on 31st December, 2017.
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