On March 1, 2019, SMN POWER HOLDING, issued 20 years, 10 %, OMR 800,000 face value bonds at OMR 104. Interest is payable each year on March 1 and September 1. The company closes its books of accounts on December 31^st every year and the company follows IFRS.

Required:

a) Pass the necessary journal entries in the books of accounts of SMN POWER HOLDING for 1 year.

b) Prepare Bonds payable and cash account

c) show the carrying value of bond to be recorded in the balance sheet at the end of the year.