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What is the current amount of interest received

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Reference no: EM132986522

Question - On April 1, 2010 Gempita Company issued and sold 14,000 bonds with a nominal value of Rp 20,000 per share, useful life of 10 years, 12% interest published every April 1 and October 1. The amortization method is straight line.

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Required -

-Journal of cash receipts on April 1, 2010

-What is the current amount of interest received by the company on April 1, 2010.

-Journalize the interest payments for October 1, 2010, April 1, 2011 and October 1, 2011.

-Adjusting Entries as of December 31, 2010 for: Premium Amortization of Bonds Payable & Interest payable.

-Adjusting Entries on January 1, 2011.

-Journal of the settlement of Bonds Payable at maturity.

Reference no: EM132986522

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