On February 1, 2019 PT CORONA purchased PT Sehati bonds (nominal value of Rp. 15,000,000, interest rate of 8% p.a, term of 2 years) at a price of Rp. 14,400,000. PT Sehati bonds were issued on February 1, 2019, and interest is paid every February 1 and August 1. The bond premium / discount is amortized using the Straight Line Method and recorded at the end of the year. On June 1, 2020, PT Corona sold all of PT Sehati's bonds at a nominal value. Selling expenses in the form of brokerage commission paid by PT Corona Rp 100,000. The journals made to record amortization of premium / discount bonds on December 31, 2019 are:
On February 1, 2019 PT CORONA purchased PT Sehati bonds (nominal value of Rp. 15,000,000, interest rate of 8% p.a, term of 2 years) at a price of Rp. 14,400,000. PT Sehati bonds were issued on February 1, 2019, and interest is paid every February 1 and August 1. The bond premium / discount is amortized using the Straight Line Method and recorded at the end of the year. On June 1, 2020, PT Corona sold all of PT Sehati's bonds at a nominal value. Selling expenses in the form of brokerage commission paid by PT Corona Rp 100,000. The journals made to record amortization of premium / discount bonds on December 31, 2019 are:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On February 1, 2019 PT CORONA purchased PT Sehati bonds (nominal value of Rp. 15,000,000, interest rate of 8% p.a, term of 2 years) at a price of Rp. 14,400,000. PT Sehati bonds were issued on February 1, 2019, and interest is paid every February 1 and August 1. The bond premium / discount is amortized using the
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