Question
The first branch (20 marks with an investment of 450,000 dinars in bonds with Krimer. On 1/1/2019, the Arab East Company, at an annual interest
The first branch (20 marks with an investment of 450,000 dinars in bonds with Krimer. On 1/1/2019, the Arab East Company, at an annual interest rate of 6% annually, is paid on the 17th and 1/1 of each year) (The true Falda method for proving Krimer market interest amounted to 7% The company uses amortizing bonds and interest income: It is required to prepare the journal entries for Krimer on 1/1/2019 It sold the bonds on 1/10/2019 for the value of Krimer. Assume that the company 427,000 dinars, and received all the interest due for the previous period and Purpose Date of sale. Set up all restrictions for receiving interest for all periods until the sale of bonds. Record the sale process correctly d Assuming that Krimer has not performed operation # 2 and that it plans to trade the bonds to profit from changes in market interest rates. Set up journal entries with Krimer To adjust the fair value at the end of the year if the fair value of the bonds at the end of the year is 445200 dinars
: ( 20 ) 450000 Krimer 1/1/2019 6 1/7 1/1 ( ). 1/1/2025 Krimer 7%. . : - Krimer 1/1/2019. 1/10/2019 Krimer 427000 . . . Krimer 2 . Krimer 445200 : ( 20 ) 450000 Krimer 1/1/2019 6 1/7 1/1 ( ). 1/1/2025 Krimer 7%. . : - Krimer 1/1/2019. 1/10/2019 Krimer 427000 . . . Krimer 2 . Krimer 445200Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started