The following are two separate pieces of information from two companies, namely PT. Megasari and PT. Mendungsari. Both companies closed their books on December 31. 

1. On March 1 2016 PT. Megasari sells bonds with a nominal value of IDR 500,000,000 and a coupon interest of 8%. Interest is paid every September 1 and March 1. The bonds mature on September 1 2019. It is known that the bond yield rate is 10%. 

2. On June 1 2016 PT. Mendungsari sells bonds with a nominal value of Rp. 400,000,000 and coupon interest of 12%. Interest is paid every September 1 and March 1. The bonds mature on June 1 2020. It is known that the bond yield rate is 10%. On October 1 2017, PT. Mendungsari bought back Rp. 120,000,000 of his total bonds at a price of Rp. 126,000,000 (including accrued interest payments). 

Required

Make a journal for PT.Megasari, starting from bond sales until December 31 2017. 

Make a journal for PT.Mendungsari, starting from bond sales until December 1 2018

Answer rating: 100% (QA)

Solution Here are the journal entries for PT Megasari and PT Mendungsari based on the information pr... View the full answer