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What the entry to record the july interest payment will

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Problem 1: 2-RE-NA Company issues P10,000,000, 8%, 10-year bonds at 96.5 on July 1, 2019. Interest is paid on July 1 and January 1. The journal entry to record the issuance will include

Problem 2: On January 1, 2019, MARIA-KATRINE Company sold bonds with a face amount of P50,000,000 at 97, a yield of 11%. Interest is payable semiannually at 10% on July 1 and December 31. The entry to record the July 1, 2019 interest payment will include

Reference no: EM132793272

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