On January 1, 2019, Al-Yasmeen Company issued payment papers to Al-Hadi Company with a nominal value of 32,000 dinars for a period of 3 years, bearing an interest of 10%, and the prevailing interest rate in the market was 13%. (Note: It is preferred to round the sum to the nearest whole number).

Required: As an accountant at Al-Yasmeen Company, use your analytical skills to do the following: 1- Analyzing the above data and proving that the payment paper was issued on January 1, 2019 in the records of Al-Yasmeen Company.

2- A table statement showing the amortization of the difference between the face value and the present value (cash collected) of the payment paper.

3- Recording the interest in the records of Al-Yasmeen Company on 31/12/2019.

4- In the event that a payment paper with a nominal value of 23,000 dinars was issued for a period of 3 years with zero interest and the present value of the future cash flows at a rate of 12%, indicate a table showing the discount consumption and interest expense for a period of 3 years.