Question: Anyone please help me (Show Computation) 1. On January 1, 201?, Gilberto Gompany purchased 2% bonds with a face amount of P4,000,000 for P3153000 to

Anyone please help me (Show Computation)

1. On January 1, 201?, Gilberto Gompany purchased 2% bonds with a face amount of P4,000,000 for P3153000 to yield 10%. The bonds are dated January 1, 201? and mature on December 31, 2023 and pay interest annually on December 31. The interest method of amortizing bond discount is used. a. What amount should be reported as interest revenue for 201?? b. What amount should be reported as interest revenue for 2013? 2. Dn January 1, 201?, Queen Company purchased bonds with a face amount of P5,000,000 for F4,T30,000. The method used is Fair value thru DUI. The bonds mature on December 31, 2019 and pay 10% interest annually on December 31 with a 12% effective yield. The bonds are quoted at 102 on December 31, 201 ? and 105 on December 31, 2010. The bonds are sold on June 30, 2010 plus accrued interest. a. What amount of unrealized gain should be reported as component of other comprehensive income for 201 T? and 2013? 1. 233,330 2. 133,330 3. 343,330 4. 333,353 5. 221 ,230 0. 20,250 Y. 0 b. What amount should be recognized as gain on sale of the bond investment on June 30, 2019? 1. 544,523 2. T34,523 3. 250,330 4. 533,056

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