QUESTION 2 (15 MARKS: 27 MINUTES) DIY Season Bhd is a Do it Yourself (DIY) retailer and the company has several branches throughout Malaysia. The company wants to build a new warehouse as part of its expansion plan. The management believed that investing in a new warehouse was a short-term cost, but a long-term reward. With the outbreak of COVID-19, the management is aware that without the right funding, the project cannot be implemented and the cost of providing the right funding can be very high. To fund the project, the company issued a 10\% 3-year bonds of RM2,500,000 on 1 January 2021 , with interest payable each on 1 July and 1 January. The bonds have a yield rate of 8%, and to be accounted for under the effective interest method. The financial year end is on 30 April. (Refer to the present value table on page 4) REQUIRED: (Show details of workings and round all numbers to the nearest RM ) (a) Calculate the price of the bonds and prepare the journal entry to record the issuance of the bonds on 1 January 2021. (4 Marks) (b) Prepare the bond amortisation schedule to compute the bond payable for the three years period. (5 Marks) (c) Prepare the adjusting entries on 30 April 2021 and the journal entries at the date of payment of interest on 1 July 2021. (6 Marks)