Q2 On 1/4/2008, Al-Farouq Company purchased 1,000 bonds at a price of 106 d. bonds in cash with an annual interest of 12% to be received on 1/1/4 and 10/1 of each year, and that these bonds mature on 1/4/2018. It is required to record the entries for the first year of the bond's life, and to record the maturity and return of the bonds in the records of Al-Farouq Company.

Q2 On 1/4/2008, Al-Farouq Company purchased 1,000 bonds at a price of 106 d. bonds in cash with an annual interest of 12% to be received on 1/1/4 and 10/1 of each year, and that these bonds mature on 1/4/2018. It is required to record the entries for the first year of the bond's life, and to record the maturity and return of the bonds in the records of Al-Farouq Company. Q2 On 1/4/2008, Al-Farouq Company purchased 1,000 bonds at a price of 106 d. bonds in cash with an annual interest of 12% to be received on 1/1/4 and 10/1 of each year, and that these bonds mature on 1/4/2018. It is required to record the entries for the first year of the bond's life, and to record the maturity and return of the bonds in the records of Al-Farouq Company