QUESTION SIX (8.5 Marks) On 1 July 2020, Beta Ltd privately issues $1 million in six-year bonds, which pay interest every six months at a coupon rate of 6 per cent per annum (3 per cent every six months). At the time of issuing the securities, the market requires a rate of return of 4 per cent. Consistent with the requirements of AASB 9, the bonds are accounted for using the effective-interest method. REQUIRED A. Determine the fair value of the bonds at the time of issue (which will also be their issue price). (4 Marks) [Type Answer Here! (4.5 Marks) B. Provide the journal entries at: 1. 1 July 2020 2. 31 December 2020 3. 30 June 2021. [Type Answer Here] 1 e 8 of 9 1286 words Focus