Entity A is listed in Hong Kong. It is a toy manufacturer which commenced its business more than thirty years ago.

On $1$ July $2020,$ Entity A bought a $$65,500,0005\mathrm{.}25\%$ bond for $$66,950,000.$ It also incurred an issue cost of $$36,400.$ Entity A paid the bond price by a direct bank transfer on the purchase date. The issue cost was settled on $16$ July $2020.$ Fixed interest is received in arrears. The bond will be redeemed at par or premium or discount over its face value on $30$ June $2023.$

Entity A may hold the bond until maturity. Entity A may also sell the bond if the bond price is attractive or for any other reason determined by the board of directors. The fair value option was not elected at the initial recognition.

The fair values of the bond were as follows:

$30$ June $2021$ $$73,980,000$

$30$ June $2022$ $$63,560,000$

$30$ November $2022$ $$73,250,000$

$31$ December $2022$ $$73,350,000$

$30$ June $2023$ $$74,365,400$

Due to the cash shortage, on $30$ November $2022,$ the board of directors decided to sell the bond to an independent third party for $$63,450,000$ and will sign the contract on $31$ December $2022.$ However, the bond buyer did not appear to sign the contract on $31$ December $2022.$

Finally, Entity A could not find any new buyers and it held the bond until maturity.

The effective interest rate is $7\mathrm{.}75\%.$ The market environment is stable and credit risk$-$free. The end of the reporting period is $30$ June.

REQUIRED:

According to relevant accounting standards, prepare journal entries to recognise the transactions of Entity A from $1$ July $2020$ to $30$ June $2023.$

ACCOUNTS FOR INPUT:

$|$ Financial asset $($Amortised Cost$)|$ Financial asset $($FVTPL$)|$ Financial asset $($FVTOCI$)|$

$|$ Financial liability $|$ Equity instrument $|$ Transaction cost $|$ Bank $|$ Loss allowance $|$ Impairment loss $|$ Reversal of impairment loss $|$

$|$ Gain on remeasurement $($P$/$L$)|$ Loss on remeasurement $($P$/$L$)|$ Gain on remeasurement $($OCI$)|$ Loss on remeasurement $($OCI$)|$

$|$ Payable $|$ Receivable $|$ Other income $|$ Other expense $|$ Reclassification $($P$/$L$)|$ Reclassification $($OCI$)|$

$|$ Interest expense $|$ Interest revenue $|$ Loss on disposal $|$ Gain on disposal $|$ Retained earnings $|$ No entry $|$