Question
In: Finance
Arcobaleno Bhd requires some funding to finance its project. The management decide to issues RM300,000, 10%...
Arcobaleno Bhd requires some funding to finance its project. The management decide to issues RM300,000, 10% unsecured notes payable to raise up the required capital. The company are obliged with semi-annual instalment payments of RM20,000 each at end of April and October.
- Prepare the journal entries to record the loan.
(2 marks)
- Prepare the journal entries to record the first instalment payment.
(4 marks)
Solutions
jeff jeffy answered 2 years agoRelated Solutions
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