Question: 18-19 Help me to answer this in 1 and a half - 2 hours please give me a correct answer 18. On July 01, 2019,

18-19 Help me to answer this in 1 and a half - 2 hours please give me a correct answer
18-19 Help me to answer this in 1 and a half -

18. On July 01, 2019, SALUDO RAW SA'YO SI MAGELLAN SABI NI LOLA CO. 2 points received P1,032,880 for P1,000,000 face amount, 12% bonds, a price that yields 10%. Using the interest method of amortization, how much is the interest expense for the six months ended December 31, 2019? O a. P61,973 O b. P60,000 OC. P51,644 O d. P50,000 19. Use the same information in MC 18. What is the bond carrying value at 2 points December 31, 2019? O a. P1,024,524 O b. P1,031,236 O c. P1,032,880 O d. P1,041,236

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!