Make a presentation in the financial position report

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Question - PT Lintas received cash amounting to Rp 392,082,900 from the issuance of its bonds on January 1, 2015. PT Lintas Bonds have a nominal value of Rp 400,000,000, an interest rate of 7.8%, with a term of 20 years. Interest is paid every June 30 and December 31. The effective interest rate is 8%.

Required -

1. Make a journal entry to record the issuance of bonds!

2. Make an amortization table for the term of the bond!

3. Record the journal entries on 30 June 2015 and 31 December 2015!

4. Make a presentation in the Financial Position Report related to the carrying value of the Bonds Payable as at 31 December 2012!

Reference no: EM132570780

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