Price/share $11 Brokerage fees $500 Trade date 10/1/20 20/1/20 7/5/20 Quantity 70,000 33,000 35,000 Action Buy Buy Sell $12 $500 $15 $300 The closing market price of QAN shares on 30 June 2020 was $14.20. Question 2 Part B (6 marks) On 1 January 2018, Sydney Ltd purchased a debt instrument with a remaining 3-year term for cash consideration of $1,640,123 (including transaction costs). The instrument had a principal amount of $1,900,000 (the amount payable on redemption) and interest coupon of 4.5% distributed at the end of each calendar year. The effective interest rate was 10%. The debt instrument is classified as subsequent measurement at amortised cost. Requirement: (6 marks) Prepare the journal entries of Sydney Ltd for the initial and subsequent measurement of the debt instrument. Show all workings