Question
ABC CO. PRUCHASED (LENT MONEY) TREASURY BONDS WITH THE FOLLOWING DETAILS INT PMT DATES : 29TH FEB,30TH AUG BUYING WORTH OF BOND 33,000 DATE OF
ABC CO. PRUCHASED (LENT MONEY) TREASURY BONDS WITH THE FOLLOWING DETAILS INT PMT DATES : 29TH FEB,30TH AUG BUYING WORTH OF BOND 33,000 DATE OF BUYING THE BOND 30TH APRIL COUPON RATE 10% SEMI ANNUAL PMTS 5 YEAR BOND INTEREST PMT DATES 30TH JAN,30TH JULY CALCULATE A SEMI ANNUAL INTEREST PAYMENTS ? B ANNUAL INTEREST PAYMENTS ? JOURNALIZE THE FOLLOWING ENTRIES C 30TH APRIL PURCHASE OF BOND D 30TH JULY FIRST INTEREST REV EARNED E DEC 31ST END OF FINANCIAL YEAR F 31ST JAN SECOND INTEREST REV EARNED G 31ST JAN SOLD BONDS AT 1.2 WITH COMMISSION $500 H CALCULATE SELLING PRICE (EXCLUDING COMMISSION) I 31ST JAN JOURNALIZE SALE OF INVESTMENT SHARES J ARE THR SHARES SOLD AT A LOSS OR GAIN? Q4) ( 20 MARKS) ON THE BASIS OF THE FOLLOWING DATA FOR BRANCH CO. FOR THE CURRENT
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