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Insert Page Layout References Asseble Homework 4 Modulesas (Questions) Protected View More Word Product Activation feed Mailings Review View Developer w This file originated from

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Insert Page Layout References Asseble Homework 4 Modulesas (Questions) Protected View More Word Product Activation feed Mailings Review View Developer w This file originated from an Internet location and might be unsafe. Click for more details. Enable Editing Problem 2 (8 marks) On 1 January 2018 Carlomagno Ltd issued $2,000,000, 9%, 10-year bonds at face value. The bonds pay interest on 30 June and 31 December. At 31 December 2019 Carlomagno Ltd redeemed the bonds at 102% of face value. On 1 January 2019 Carlomagno Ltd issued $800,000, 8%, 10-year unsecured notes at face value. Interest is payable semi-annually on 1 July and 1 January. Carlomagno's year-end is 31 December. 1 I Required: 1. Prepare the journal entry for Carlomagno Ltd to record the issue of the bonds on 1 January 2018 2. Prepare all journal entries related to the bonds and unsecured notes for 2019. 3. What is the total interest expense in 2019? Colution ds709 CSD

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