Daily Book of Bond Issue Assignment
February 18th, 2020
The company Clarividente SA, issued bonds on December 31, 2018, with a life span of 3 years, will mature on December 31, 2021, with an issuance interest rate of 6%, a nominal value (phase value) of $ 92,000. Interest payments will be made every 6 months, then the first on June 30 of the year 2019 and the last on December 31 of the year 2021.
Required:
Make the entry in the Daily Book of the bond issue
Make the entry in the Daily Book of the first interest payment. .