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I. LONG TERM LIABILITIES (35%)

On March 1, 2016 PT Unilever Tbk issued bonds with a nominal value of Rp 100,000 with a bond interest rate of 8%, the term of the bonds is two years. Interest payments are made every 1 March and 1 October. The bonds are issued at an issue rate of 110%. Amortization of premium or amortization of discount is carried out using the straight-line method.

Question:

1. Calculate the market value of the bonds at the time of issuance, and make a journal entry on the date of issuance of the bonds!

2. Make a list of interest expense, and amortize the bond!

3. Prepare journal entries to record interest payments, and amortization from October 1, 2016 to December 31, 2017!

4. If on June 1, 2017 the bonds are withdrawn at the withdrawal rate of 96%, make the required journals and calculations for PT Unilever Tbk!

5. If on June 1 2017 the bonds are withdrawn at the withdrawal rate of 120%, make the required journals and calculations for PT Unilever Tbk!

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