Q 1: On 1/1/2005, Al-Rasheed Company bought 100 bonds at a price of 90 d. The bond is in deed, at an interest rate of 5%, to be paid once on 30/6 of each year. The bonds are due on 30/6/2014. It is required to record the bond purchase entry, the receipt of the first interest, the settlement entry on 31/12/2005, and the maturity entry on 30/6/2014

Q1: On 1/1/2005, Al-Rasheed Company bought 100 bonds at a price of 90 d. The bond is in deed, at an interest rate of 5%, to be paid once on 30/6 of each year. The bonds are due on 30/6/2014. It is required to record the bond purchase entry, the receipt of the first interest, the settlement entry on 31/12/2005, and the maturity entry on 30/6/2014