can you answer question 8? SESSION 2020/2021QUESTION 6Merkell Company issued RM800,000 of 9%, 10-year bonds on January 1, 2019, at face value.Interest is payable annually on January 1.REQUIRED:Prepare the journal entries to record the following events:a) The issuance of the bonds.b) The accrual of interest on December 31, 2019.c) The payment of interest on January 1, 2020.d) The redemption of bonds at maturity date, assuming the interest for the last period hasbeen paid and recorded.QUESTION 7On January 1, 2019, Fast Track Sdn Bhd issued 8% bonds worth RM300,000. This bond willmature on January 1, 2022. This bond will be paid interest twice a year, on July 1 and January1. The company's financial year ends December 31 each year.REQUIRED:a) Prepare the journal entry to record the issuance of the bonds on January 1, 2019.b) Prepare the journal entry to record the interest on July 1, 2019.c) Prepare the journal entry on December 31, 2019.d) Prepare Statement of Financial Position as at December 31, 2019.QUESTION 8On January 1 2018, Trademark Bhd issued 1,000 units, 10-year debentures, RM1,000 per unit,6%. Interest payment is made once a year, on January 1. (Assume 360 days a year).REQUIRED:a) Calculate the annual interest payable to holders of debentures.b) Determine the maturity date of debentures.c) Prepare the journal entries to record :i)ii)iii)iv)The issuance of the debentures.The adjustment for the year ended June 30 2019.The payment of interest on January 1 2020.The redemption of debentures at maturity date.

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QUESTION 6 Merkell Company issued RM800,000 of 9%, 10-year bonds on January 1, 2019, at face value. Interest is payable annually on January 1. REQUIRED: Prepare the journal entries to record the following events: a) The issuance of the bonds. b) The accrual of interest on December 31, 2019. c) The payment of interest on January 1, 2020. d) The redemption of bonds at maturity date, assuming the interest for the last period has been paid and recorded.