Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
IFRS 10-4 Ratzlaff Company issues 2 million, 10-year, 8% bonds at 97, with interest payable on July 1 and January 1.
IFRS 10-4
Ratzlaff Company issues €2 million, 10-year, 8% bonds at 97, with interest payable on July 1 and January 1.
Prepare the journal entry to record the sale of these bonds on January 1, 2014
Assuming instead that the above bonds sold for 104, prepare the journal entry to record the sale of these bonds on January 1, 2014.
