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Tan Ltd. issued HK$600,000,000 of 7% bonds on November 1, 2019, for HK$644,636,000. The bonds were dated November 1, 2019, and mature in 10 years,

  • Tan Ltd. issued HK$600,000,000 of 7% bonds on November 1, 2019, for HK$644,636,000. The bonds were dated November 1, 2019, and mature in 10 years, with interest payable each May 1 and November 1. The effective-interest rate is 6%. Prepare Tans December 31, 2019, adjusting entry.

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