12 points Save Answc On (1/10/2018) the ministry of planning borrowed 100,000 to finance...
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12 points Save Answc On (1/10/2018) the ministry of planning borrowed 100,000 to finance one of its projects. The loan will be repaid as one payment on (1/10/2020) while the interest is 5%, which is paid yearly on 1/10 from each year. The pound sterling exchange rate as follows: Date 1/10/2018 31/12/2018 30/6/2019 1/10/2019 31/12/2019 30/6/2020 1/10/2020 Exchange Rate 1.15 1.12 1.13 1.20 1.10 1.14 Instructions: After recording the required entries, answer the following questions 1- The accrued interest is presented in the financial position statement for the year of 2018 with the value of: 2- The loan is presented in the financial position statement for the year of 2018 with the value of: 3- The total amount of interest that is paid on 1 10/2019 is: v 4. The loss of currency differences for the year of 2020 are: 5- The total amount that is repaid on the due date (1/10, 2020) is: 6- The loan is presented in the financial position statement at the end of 2020 with the value of 12 points Save Answc On (1/10/2018) the ministry of planning borrowed 100,000 to finance one of its projects. The loan will be repaid as one payment on (1/10/2020) while the interest is 5%, which is paid yearly on 1/10 from each year. The pound sterling exchange rate as follows: Date 1/10/2018 31/12/2018 30/6/2019 1/10/2019 31/12/2019 30/6/2020 1/10/2020 Exchange Rate 1.15 1.12 1.13 1.20 1.10 1.14 Instructions: After recording the required entries, answer the following questions 1- The accrued interest is presented in the financial position statement for the year of 2018 with the value of: 2- The loan is presented in the financial position statement for the year of 2018 with the value of: 3- The total amount of interest that is paid on 1 10/2019 is: v 4. The loss of currency differences for the year of 2020 are: 5- The total amount that is repaid on the due date (1/10, 2020) is: 6- The loan is presented in the financial position statement at the end of 2020 with the value of
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