Dont uplode image in answer Al-Ittihad Company bought bonds issued by Jeddah Company on 06/01/2023, at a value of 200,000 riyals, at an annual interest rate of 8%, for a period of 10 years, i.e. the bonds are returned after this period, while the market interest rate on the issue date reached 10. This interest is paid annually on 5 / 31 of each year. Al-Ittihad Company and Jeddah Company use the real interest method to amortize the issuance difference Required -1- Calculate the current value of the bonds and prove all entries in the books of the Jeddah company until 31/5/2024 2 Prepare an amortization schedule 3- Proof of all entries in the books of the Union Company until 31/5/2024
Dont uplode image in answer Al-Ittihad Company bought bonds issued by Jeddah Company on 06/01/2023, at a value of 200,000 riyals, at an annual interest rate of 8%, for a period of 10 years, i.e. the bonds are returned after this period, while the market interest rate on the issue date reached 10. This interest is paid annually on 5 / 31 of each year. Al-Ittihad Company and Jeddah Company use the real interest method to amortize the issuance difference Required -1- Calculate the current value of the bonds and prove all entries in the books of the Jeddah company until 31/5/2024 2 Prepare an amortization schedule 3- Proof of all entries in the books of the Union Company until 31/5/2024
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Dont uplode image in answer
Al-Ittihad Company bought bonds issued by Jeddah Company on 06/01/2023, at a value of 200,000 riyals, at an annual interest rate of 8%, for a period of 10 years, i.e. the bonds are returned after this period, while the market interest rate on the issue date reached 10. This interest is paid annually on 5 / 31 of each year. Al-Ittihad Company and Jeddah Company use the real interest method to amortize the issuance difference
Required
-1- Calculate the current value of the bonds and prove all entries in the books of the Jeddah company until 31/5/2024
2 Prepare an amortization schedule
3- Proof of all entries in the books of the Union Company until 31/5/2024
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