PT ABC purchased bonds with a maturity of 8 years on January 2, 2021. The bonds were

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PT ABC purchased bonds with a maturity of 8 years on January 2, 2021. The bonds were issued by PT HIJ on January 1, 2021. The par value of the bonds was Rp. 1,500 per share with a total of 1,200 bonds issued. The coupon value of the bonds is 10%. Meanwhile, the yield on these bonds is 8%. Interest is paid every April 1 and October 1.

REQUESTED:

a. Determine the purchase price of the bond and record the sale.

b. Prepare the required amortization table and related journal entries.

c. Present the bonds purchased by PT ABC in the related financial statements

d. In August of the seventh year after the purchase of the bonds, PT ABC decided to sell 75% of the bonds outstanding in the market at a price of 103. Prepare the calculations and journal entries related to the transaction.

Posted Date: Dec 10, 2021 12:51 PM

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PT ABC purchased bonds with a maturity of 8 years on January 2, 2021. The bonds were

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