Question
PLZ PLZ HELP On 1 February 2019, Fizer Berhad issued a prospectus inviting application for RM12,000, 5 year RM100 debenture payable in full. Interest of
PLZ PLZ HELP
On 1 February 2019, Fizer Berhad issued a prospectus inviting application for RM12,000, 5 year RM100 debenture payable in full. Interest of 8% per annum is payable half-yearly on 30 June and 31 December.
By 31 March 2019, the company had received applications for 12,000 debentures and fully allotted on the same day.
The end of reporting period each year is 30 June.
On 30 June 2020, the company redeemed 50% of the debentures on the open market for RM97 per debenture.
On 30 September 2020, the company redeemed 30% of remaining debentures with a 10% premium.
You are required to show journal entries for the year ended 30 June 2019, 30 June 2020 and 30 June 2021.
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Auditing and Assurance services an integrated approach
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
15th edition
978-0133125634, 9780133423815, 133125637, 133423816, 978-0133125689
