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Illustrate a bond amortisation table over the entire period

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Reference no: EM132882945

On 1 January 20X1, Places Pte Ltd issued three-year bonds, at a face value of $200,000 and with a stated annual interest of 4%. The bonds would mature on 31 December 20X3. The annual market interest rate was 2%. The coupon interest was to be paid semi-annually on June 30 and December 31. The first interest payment was on 30 June 20X1.

Problem 1: Determine the price of the bonds. Please round your answer to the nearest dollar.

Problem 2: Illustrate a bond amortisation table over the entire period of the three-year bond. Please round your answers to the nearest dollar.

Problem 3: Illustrate the accounting for these long term bonds issued by PPL by preparing the necessary journal entries, with journal narratives, for the financial year ending 31 December 20X3.

Reference no: EM132882945

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