URGENT

ANSWER ONLY NO NEED TO EXPLAIN LOT

Read the news article below.

https://cnnphilippines.com/business/2020/1/29/P134-billion-retail-bonds.html#:~:text=The%20government%20said%20it%20raised,retail%20Treasury%20bonds%20or%20RTBs.&text=An%20investor%20needs%20a%20minimum,are%20due%20in%20February%202023.

1. Describe the details of the bonds issued.

2. Assume that you are the accountant of one of the investors of the bonds. The investor purchased P10, 000,000.00 of RTB in February. Prepare journal entries for the purchase of the RTBs, accrual of interest and when the bonds are redeemed.

3. Why do you think the Government issues bonds?

4. Do you think issuing bonds by the government is effective and does it achieve its purpose?

5. Aside from issuing bonds, what do you suggests as other means of funding or can government source funds other than bonds?