Question
Face Value of Bonds P5,101,000 Issuance Date: January 1, 2019 Rate:6% Yield: 11% annually Interest payable on june 30 and december 31 Bond mature every
Face Value of Bonds P5,101,000
Issuance Date: January 1, 2019
Rate:6%
Yield: 11% annually
Interest payable on june 30 and december 31
Bond mature every june 30 and december 31 of each year at a rate of 1275250 / payment dat for 2 years
1. Compute for issuance price of bonds on jan 1, 2019
2. Compute for the carrying amount of bonds on december 31, 2019
3. Compute for the total interest expense for the year 2019
4. Compute for the carrying amount of bonds on June 30, 2020
5. Compute for the unamortized premium/discount on july 1, 2020
6. Compute for the carrying amount of bonds on december 31, 2020
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Theory Practice And Techniques In Bookkeeping Accounting And Auditing
Authors: N/A,
1st Edition
1680947761, 978-1680947762
