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On 31.08.2020, the company exported 1.500.000 dollars with a 2-year term and an annual interest rate of 12%. The bond was sold for $ 300,000

On 31.08.2020, the company exported 1.500.000 dollars with a 2-year term and an annual interest rate of 12%. The bond was sold for $ 300,000 below its nominal value. The sales price has been deposited into the deposit account at the bank. Interests will be paid annually. 50% of the principal will be paid to bondholders every year.

Use these accounts: Issued Bonds, Discount on Issuance of Securities and Discount on Issuance of Securities (-), Financial Expenses, Reflection Account For Financial Expenses, Banks Account, Long-Term Borrowing Expenses, Profit or Loss For The Period.

Thank you :)

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