On March 1 st 2019, Copper Ltd issued 10 year, RO 200000 face value, 5 % bonds

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On March 1 st 2019, Copper Ltd issued 10 year, RO 200000 face value, 5 % bonds for RO 97. Interest is payable on March 01 and September 01 each year. Prepare journal entries, the interest and Discount A/C for the first year and the extract of the Balance Sheet for the year 2019.

Posted Date: Nov 22, 2021 04:52 AM

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On March 1 st 2019, Copper Ltd issued 10 year, RO 200000 face value, 5 % bonds

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Debit Credit March 1 2019 Cash 19400000 Discount Ac 600000 Bonds Payable 20000000 T... View the full answer

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