Question: PROBLEMND 1 PROBLEMND 3 Ch March ], 2017, Pyre Fumiture Ca issued P/09,000 of OnFebruary 1, 2018.AnariGas sold P309000 12percent, 10 percentbonds to yed 8
PROBLEMND 1 PROBLEMND 3 Ch March ], 2017, Pyre Fumiture Ca issued P/09,000 of OnFebruary 1, 2018.AnariGas sold P309000 12percent, 10 percentbonds to yed 8 pacet Interestis payable tenyear bonds at go pus acqued interest, Interest is Thebonds paredesgamely ue lad pepe 1 The natureintenyears Pyhairnitubesacalendartopiss eyes dated Liteme 1, 2017. OJuly 31, corporation 2019,"P5900 of the issue was reacquired at 95 pus REQUIRED Determinesugricethbonds, REQUIRED Hepare an an rouization tape through the first two, Maketheatrieson theissue's books for the sale of the interestriodsintoeffectinteresethod bondhpaymentterenortizofpoemIam Prepare the jamal atries to record barHeated ascourt andaque c iget, and requsto as mahsachouth collowdages needed for 2018 and 2019 Strad tlineandtizationIs March 017 August201 recode:da theend the cdepar year a daquals are DecemberQ17 revesed (Pardal daladios) (d FebLay 8 2018 4 Recembag ying amort of the bad as of PROBLEMND 4 5 Compute theirfared expense to bereportedin 2017. Claway? 2014 AcardEnterprises issued P2400.090 8 percent byear semana cupboards ban boneconverfritt oP 1 baordinahareshich Partamortizationdule wats adiat 2 0esharethe atetheondsue The bangs were issued t 16 Without the mesa Amortizeatutied on dro uha vee ensuedl 04.5 NIDA EK40 Remium Date Arot cost OhJanuary 3, 2019, all of the bands yere converted into 301/09 P adray shares remarked piced the shares was P28 831/09 P:5000 90B LEd P3194 791,947 pershareonthedated coneson Theissuepenmis 22810 35,000 31,6/8 3,322 78365 amortizeatgetraigitmethod REQUIRED PROBLEMND 2 1 Provide the joumal entry to record issuance of the Jefferson Controls, Inc, issued 2 Bonds bogjoob of 10' percent bonds to yeld 12 percent Police the jamd e try to record the conversion of meet is paddesemanalyonMay BladN beer theonds 30 Thebonds naturein15 years Jefferscontr bis isacedar-year corporation PROBLEMND 5 REQUIRED On 1 January 2014 Entity A issued a 10 8 09 Deterntimessumi cathoonds, convetide dere vue wha face value of Pi Pepae an a mouz big tape though the first two, maturing on 31 December 2013 . The daba ture is interestrods toeffectinteresethod convetieintoadrayshares d. britity Ad amnesia 3 Prepare the jamal a tries to record bandrelated piced P5 per share Interestis payable half-yearly in transactoun collowdages Cash At the cate dissup Ertity Acould have issued al ung 201 noonetidechatt wthateryear tembeaninga coupon (bNovem(2873 interest rated 11percent Decemberof dMay 12018 On 1 Jan By 2019 the monetible deba ture has a fair 4 temre the crying aout of the bands as of vdied Pillow0 Enity Andkesatenchar die to the Decemberdix plot of the cabe ture toreduce the globe ture far 5 Computetheirfeet expenseto bereportedin 2017. 1000 which the hoda accents, At the datedf repurchase Fruity A could have issued monmonetide, debtitative edermea riacouponterestef Partiamortizationdule 8perent Date EKOA NISA Discountmorti REQUIRED Arot Cost 1 Provide the joumal entry to record issuance of the bonds, 2 Computetheamount to bereggrizzdin profit ar loss 3 areuto thereduced thed be ture commutethe anout to be recognized inequity as a 0601/09 result d therepudared thedata ture 17/30/09 P6085 P208:5 10 36895 0631/10 62138 600,000 213: -end