In each of the following independent cases, the company closes its books on October 31....
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In each of the following independent cases, the company closes its books on October 31. i. Misha Co. sells Tk 500,000 of 8% bonds on January 1, 2017. The bonds pay interest on July 1 and January 1. The due date of the bonds is January 1, 2022. The bonds yield 10%. Give entries from issuance of the bonds to July 1, 2018. (Show amortization Schedule). ii. Titas Co. sells Tk 400,000 of 12% bonds on June 1, 2017. The bonds pay interest annually dated on June 1. The due date of the bonds is June 1, 2022. The bonds yield 10%. Give entries from issuance of the bonds to June 1, 2018. (Show amortization Schedule).
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