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Prepare the issue of the bond entries

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Point 1: On June 30, Year 4 AB Company issued a 10 year, 6% $800,00 redeemable bond paying interest twice a year on December 31 and June 30 at an effective rate of 6.4%. On September 30, Year 9, AB redeemed fifty percent of the bond issue at 102. AB uses IFRS.

Question 1: Prepare the following journal entries:

a, Issue of the bond

b, Interest for the first two interest periods

c, Redemption of bonds

Reference no: EM132478841

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