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Show the accounting record required on february

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Reference no: EM132570066

On September 1, 2019, the entity bought the bonds belonging to the private sector with a nominal value of 400,000 TL with an annual interest payment of 12% through the bank. The related bonds were sold on February 1, 2020, with a bank equivalent of 424,000 TL.

Question a- Please show the accounting record required on 31 December 2019.

Question b- Show the accounting record required on February 1, 2020.

Question c- If these bonds were sold on February 1, 2020 for 418.000 TL, how would the registration be made?

Reference no: EM132570066

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