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Calculate the issue price of bonds

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Question: A sold 7310000 of 12% bonds which were dated march 1, 2023 on june 1 2023 . the bond paid interest semi annually on march 1 and september 1. bonds maturity date was march 1 2033 and the bonds were issued to yield 14%. a's fiscal year end is february 28. and company followed ifrs. On June 1 2024 a bought back 3310000 worth of bonds for 3210000 plus accrued interest

.Calculate the issue price of bonds

.prepare journal entry for issuance of bonds

.(include account for interest expense in journal entry.

Reference no: EM133554133

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