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In auditing the books of Evangelista Corporation as of December 31, 2018, you find the following investment in bonds. Investment in 5-year 10% Fader bonds
In auditing the books of Evangelista Corporation as of December 31, 2018, you find the following investment in bonds. Investment in 5-year 10% Fader bonds Date Particulars Debit Credit Balance 2017 Jan. 2 Acquired P2,000,000 face value bonds including broker's fee of P20,000. The effective interest rate is 12% 1,855,760 1,855,760 Dec 31 Interest received 200,000 1,655,760 2018 Jul 1 Total proceeds from sale of
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