Question
On 1st January 2019, acmpany issued 2,000, 5% bonds with a par value of OMR 10 each at OMR 8 which are due in 2029.
On 1st January 2019, acmpany issued 2,000, 5% bonds with a par value of OMR 10 each at OMR 8 which are due in 2029. On 1st January 2024, the company wants to make payment for 1,000 bonds at OMR 12 per bond. The interest is paid annually and the discount is amortized on straight line method. Pass journal entries to record the payment and interest for the year 2019.
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Communication In The Age Of Trump
Authors: Arthur S. Hayes
1st Edition
1433150301, 9781433150302
