Kalemler Sanayi ve Ticaret A.Ş. Issued 500,000 TL bonds with 20% interest rate and 5 years maturity. On 04.04.2020, the 1st year interest of the bond was accrued. Based on this information, which of the following calculations is correct? A) 780 Financial Expenses xxx debited B) 304 Bonds, Principal Debt and Installments xxx are debited. C) 360 Taxes and Funds Payable account xxx has been credited. D) none E) 632 General Administrative Expenses xxxx is credited.
Kalemler Sanayi ve Ticaret A.Ş. Issued 500,000 TL bonds with 20% interest rate and 5 years maturity. On 04.04.2020, the 1st year interest of the bond was accrued. Based on this information, which of the following calculations is correct? A) 780 Financial Expenses xxx debited B) 304 Bonds, Principal Debt and Installments xxx are debited. C) 360 Taxes and Funds Payable account xxx has been credited. D) none E) 632 General Administrative Expenses xxxx is credited.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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15 - Kalemler Sanayi ve Ticaret A.Ş. Issued 500,000 TL bonds with 20% interest rate and 5 years maturity. On 04.04.2020, the 1st year interest of the bond was accrued. Based on this information, which of the following calculations is correct?
A) 780 Financial Expenses xxx debited
B) 304 Bonds, Principal Debt and Installments xxx are debited.
C) 360 Taxes and Funds Payable account xxx has been credited.
D) none
E) 632 General Administrative Expenses xxxx is credited.
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