Question points
On January Stiller Co purchased $ in bonds that will mature in years. Management has the positive intent and ability to hold the bonds until maturity. For
bonds of similar risk and maturity, the market yield was Interest is received semiannually on June and December Stiller Co follows IFRS.
Prepare journal entries for the following transactions.
Please make sure your final answers are accurate to the nearest whole number. Enter an appropriate description when entering the transactions in the journal. Dates must be
entered in the format ddmmm ie January would be
a Prepare the journal entry to record Stiller Cos investment on January
b Prepare the journal entry by Stiller Co to record interest on June
c Prepare the journal entry by Stiller Co to record interest on December
d At what carrying value will Stiller Co report its investment as at December Please make sure your final answer is accurate to decimal places to the nearest ten
thousand dollars
Reported investment carrying amount as at December $
million Please explain in detail
