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QUESTION 13 MARKS On January 1, Positive Corporation issued 5650.000 EX, 5-year bonds at face value Interest is payable semuayen and REQUIRED Prepare your res
QUESTION 13 MARKS On January 1, Positive Corporation issued 5650.000 EX, 5-year bonds at face value Interest is payable semuayen and REQUIRED Prepare your res to record the ce the bonds N Payment of interest on the previous accrual of interest td Acorus of interest on December 31 QUESTION 217 MARKS) The following sections from Asian Company Statement of Financial Position at December 2020 Current liabilities $ 200.000 Non-current liabilities Honds Payable to dut.2005 4,000,000 Interest is payable semunyonyan The bonds are callable on any interest date. REQUIRED W sumalize the payment of the bonditeston January 1, 2021 Assume that onary.2021, after paying interest Greenecals bords having a face value of 5600,000. The cal price is 90s Record the redemption of the bonds Prepare the entry to record the payment of terest on July 1, 2021, au prvu of interest on the remaining bonds
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