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Illustrate a bond amortisation table over the entire period

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Reference no: EM132963832

Question - 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.

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

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

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: EM132963832

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