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TNB Sdn Bhd Company obtained authorization to issue 20-year bonds with par value of $5,000 at interest rate of 25% which will be paid semiannually.

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TNB Sdn Bhd Company obtained authorization to issue 20-year bonds with par value of $5,000 at interest rate of 25% which will be paid semiannually. However, company sells each bond at premium price of $7,000 due to its higher credit ratings. The company issued 1000 bonds on September 1st, 2019. Record the transactions of the bond till December 31st, 2021. 1 A B 1 E E 22 Journal Entry Date Particulars Dr. Cr

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