question archive In order to fulfill its financing activities, Astro Co
In order to fulfill its financing activities, Astro Co
Subject:AccountingPrice: Bought3
In order to fulfill its financing activities, Astro Co. issued Rp 505.000,000, 12%, 10-year bonds January 1, 2020. Interest payments were made semiannually (January 1 and July 1). Bonds are issued at 95. Instructions: a. Were bonds issued at discount or premium? b. Prepare the journal entry to record the issuance of the bonds on January 1, 2020! C. Prepare the journal entry to record amortization (using straight line method) on June 30, 2020! d. Show the financial position presentation of the bond on December 31, 2020. e. On July 1, 2021, the company redeemed the bonds at 94. Record the redemption of the bonds assuming that interest for the period has already been paid!
