On 1 July 2018 Tea tree Ltd issues $2 million in six-year debentures that pay interest each
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On 1 July 2018 Tea tree Ltd issues $2 million in six-year debentures that pay interest each six months at a coupon rate of 8 per cent. At the time of issuing the securities, the market requires a rate of return of 6 per cent. Interest expense is determined using the effective-interest method
Provide the journal entries at: (6 marks)
1 July 2018, 30 June 2019, & 30 June 2020.
Expert Answer:
as you mentioned before i have to Provide the journal entries at 6 marks 1 July 2018 30 June 2019 30 ... View the full answer
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