The Palestinian government purchased financial investments of 500,000 dinars in cash at the beginning of 2016, the following cases were recorded and the purchase was made, noting that each case is independent of the other:
- If the financial investments were sold in the amount of 550,000 dinars in cash during the year.
- If the financial investments were sold at a value of 480,000 dinars in cash during the year.
- If the government maintains financial investments until the end of the year and their market price is 515,000 dinars.
- If the government maintains financial investments until the end of the year and their market price is 460,000 dinars.
- If the government kept the financial investments until the end of the year and their market price was 500,000 dinars.

* The funds allocated for capital plans issued 10,000 bonds with a nominal value of 10 dinars for the bond, and here are the following cases:
1- Selling the bonds for cash at face value.
2 - Selling the bonds in cash at a discount of 1 dinar issuance per bond in the following cases:
- Cash receipts are sufficient to cover the capital plan.
Covering the issuance discount from other earmarked funds.
3- Selling the bonds at a premium of (0.5) dinars per bond in the following cases:
- The use of bond proceeds and the premium in the loan for which it was borrowed.
- Transferring the bond issue bonus to a specific provision other than the borrowed money.

Required: 

Record daily entries of funds allocated to capital plans for all previous cases.

Answer rating: 100% (QA)

1 The government purchased financial investments of 500000 dinars in cash at the beginning of 2016 2 ... View the full answer