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(d) The next year, Gamma, Inc. issued RM 8,000,000 of 7-year, 9% bonds on January 2. The bonds pay interest semi-annually on June 30
(d) The next year, Gamma, Inc. issued RM 8,000,000 of 7-year, 9% bonds on January 2. The bonds pay interest semi-annually on June 30 and December 31. The current market rate of interest is 8%. (i) Calculate the selling price of the bonds, rounded to the nearest Ringgit Malaysia, (ii) State the related journal entries (e) Gamma, Inc. issued RM 8,000,000 of 7-year, 9% bonds on January 2. The bonds pay interest semi-annually on June 30 and December 31. The market rate of interest is 12%. (i) Calculate the selling price of the bonds, rounded to the nearest dollar (ii) Journalize the entries
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