00:01
So, to report the bonds issued on january 1, 2018, and the first due to pay interest payment on june 28, 2024 and december 31, 2024, we will use the bonds payable.
00:27
This account will be registered in the bonds liability.
00:31
We will use cash.
00:34
This account will register the cash receipt for payable interest in the bond issued and the card to raise expense.
00:51
Expense.
00:57
On issue 1, january 1, 2024, issued 410 ,009 % of interest at the domestic rate of 10%.
01:10
So, we will report the bonds issued on january 1, 2024, with cash and credit bonds payable.
01:57
The lower part, the big b, the big cash, 410 ,000 and bonds payable, 410 ,000.
02:08
So, the next thing is interest payment on june 30, 2024.
02:32
So, interest rate is base value into annual interest rate into 6 .12.
02:40
Interest expense will be 410 ,000 multiplied 9 .65 by 12...