please do it in detail

heres part A

QUESTION 4 Part On1 January 2020. Jammy Blad issued 5 years bonds with a face value of RM5.000.000 The bonds carry a stated interest of 14% payable semiannually cel January and 1 July The bonds are issued at RM5.368,035 cash when the market rate for this bond is 12% Required: a) Prepare the journal entry for the issuance of bonds on 1 January 2020 b) Assuming straight-line amortization method was used to amortize the interest prepare journal entry to read the interest payment Show all working c) Determine the total amount of borrowing cost incurred by issuing the above types of Bonds. Show all working Continued... HRC PENDANTALS OF FINANCIAL ATENTI Part B Selected information from the comparative financial statements of SWS Company for the year ended 31 December appears below 2019 RM 200.000 00.000 Inventory Accounts receivable (net) Total assets Non-current liabilities Current liabilities Net credit sales Cost of goods sold Interest expense Income tax expense Net income RM 300,000 300.000 1.000.000 340,000 260,000 1.500.000 1,000,000 20.000 50 000 180,000 300.000 110,000 1.100.000 15.000 40.000 105.000 Required: Compute and comment en cach of the following tutis relating to the year ended 3 December, 2020 1. Inventory tumover 2. Times interest carmed 3. Det tool assets ratio 4. Account receivable turnover S. Retum (10 marks) MIMAM BAC 1614 FUNDAMENTALS OF FINANCIAL ACCOUNTING 16 OCTOBER 2010 b) Using allowance method, joumalize the adjusting entry at 31 December assuming bad debts are expected to be (a) 0.50% of net sales, and (b) 1% of accounts receivable. (6 marks) [Totals 25 marks QUESTION 4 Part A On 1 January 2020, Jammy Bhd issued 5 years bonds with a face value of RM5,000,000 The bonds carry a stated interest of 14% payable semiannually on 1 January and 1 July The bonds are issued at RM5,368,035 cash when the market rate for this bond is 12%. Required: a) Prepare the joumal entry for the issuance of bonds on 1 January 2020. (3 marks) b) Assuming straight-line amortization method was used to amortize the interest prepare joumal entry to record the 1" interest payment. Show all workings, (8 marks) c) Determine the total amount of borrowing cost incurred by issuing the above types of Bonds. Show all workings (4 mark) Continued... MIMAM 5/6 QUESTION 4 Part On1 January 2020. Jammy Blad issued 5 years bonds with a face value of RM5.000.000 The bonds carry a stated interest of 14% payable semiannually cel January and 1 July The bonds are issued at RM5.368,035 cash when the market rate for this bond is 12% Required: a) Prepare the journal entry for the issuance of bonds on 1 January 2020 b) Assuming straight-line amortization method was used to amortize the interest prepare journal entry to read the interest payment Show all working c) Determine the total amount of borrowing cost incurred by issuing the above types of Bonds. Show all working Continued... HRC PENDANTALS OF FINANCIAL ATENTI Part B Selected information from the comparative financial statements of SWS Company for the year ended 31 December appears below 2019 RM 200.000 00.000 Inventory Accounts receivable (net) Total assets Non-current liabilities Current liabilities Net credit sales Cost of goods sold Interest expense Income tax expense Net income RM 300,000 300.000 1.000.000 340,000 260,000 1.500.000 1,000,000 20.000 50 000 180,000 300.000 110,000 1.100.000 15.000 40.000 105.000 Required: Compute and comment en cach of the following tutis relating to the year ended 3 December, 2020 1. Inventory tumover 2. Times interest carmed 3. Det tool assets ratio 4. Account receivable turnover S. Retum (10 marks) MIMAM BAC 1614 FUNDAMENTALS OF FINANCIAL ACCOUNTING 16 OCTOBER 2010 b) Using allowance method, joumalize the adjusting entry at 31 December assuming bad debts are expected to be (a) 0.50% of net sales, and (b) 1% of accounts receivable. (6 marks) [Totals 25 marks QUESTION 4 Part A On 1 January 2020, Jammy Bhd issued 5 years bonds with a face value of RM5,000,000 The bonds carry a stated interest of 14% payable semiannually on 1 January and 1 July The bonds are issued at RM5,368,035 cash when the market rate for this bond is 12%. Required: a) Prepare the joumal entry for the issuance of bonds on 1 January 2020. (3 marks) b) Assuming straight-line amortization method was used to amortize the interest prepare joumal entry to record the 1" interest payment. Show all workings, (8 marks) c) Determine the total amount of borrowing cost incurred by issuing the above types of Bonds. Show all workings (4 mark) Continued... MIMAM 5/6