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On January 1, 2010 Oman Cables Industy (SACG issued 12 bonds dated January 1, 2020, with a principal amount of Colon. The bands mature in

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On January 1, 2010 Oman Cables Industy (SACG issued 12 bonds dated January 1, 2020, with a principal amount of Colon. The bands mature in 2029 10 years. For bands of similar risk and maturity, the market yield is 10%. Interest is paid semiannualy on June 30 and December 31 Note to determine the price of bonds you should use tables (2) present value of Stand (4) present value of an ordinary annulty of $1 to find the appropriate Pacers to calculate the interest and principal The proof the bonds of Juary 1, 2000 CORSO 954501 OOR37258.678 OOR33, 738.678 2 The appropriate journal entry to record the bondine by Oman Cables on January 1, 2020.16 Cash 30,492.452 Discount on band payable Bonds pays 2.492,452 30.000.000 33738.670 Prentun on bond pasti Bonds payable 2.750.670 30,000,000 50.000.000 3.738.67 33,730,670 Cash Discount on bond payat Bonds payah 0 Cath Premium on bona payable Bonds payable 32040.109 2040.100 30.000.000 The appropriation to record interest on June 30, 2020, using the active interest method is interest expense 18,034 Discount on bonds payable Cash 106.934 1.800,000 imatest expenses premum on bonds C 1.897.100 102.900 1.000.000 est expense Promon bonds payani 1.36091 113,000 1.500.000 Intro 686 034 Premium on bonds payable 113.00 1.000.000 4 The appropriate jumal to record interest on December 2020, using the effective interest method est experte 1.800.000 DICOM on bond bayable 118,719 1.0.21 Interesteren Premium on tonds payo 1.652.689 137311 1.800.000 Interest expense Premium on bonds payable 1.681.280 118710 1.HOD.DOO West expense Promotonds payable Cach 1.06.2 150.00 1.500.000

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