The following are two separate pieces of information from two companies, namely PT. Megasari and PT. Mendungsari.
Question:
1. On March 1 2016 PT. Megasari sells bonds with a nominal value of IDR 500,000,000 and a coupon interest of 8%. Interest is paid every September 1 and March 1. The bonds mature on September 1 2019. It is known that the bond yield rate is 10%.
2. On June 1 2016 PT. Mendungsari sells bonds with a nominal value of Rp. 400,000,000 and coupon interest of 12%. Interest is paid every September 1 and March 1. The bonds mature on June 1 2020. It is known that the bond yield rate is 10%. On October 1 2017, PT. Mendungsari bought back Rp. 120,000,000 of his total bonds at a price of Rp. 126,000,000 (including accrued interest payments).
Required
Make a journal for PT.Megasari, starting from bond sales until December 31 2017.Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.