(FORECAST) Chicago Company issued a 3-year term on January 1, 2017, with 10% nominal interest,...
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(FORECAST) Chicago Company issued a 3-year term on January 1, 2017, with 10% nominal interest, 200,000 TL nominal value bond sold for 190.393 TL. The main currency of the bond is at one time, and interest rates start from 2017 on 31 December of each year will be paid. The market interest rate is 12%.
Requested: Make all the journal ledger records that the Chicago Administration must make in 2017, 2018. 31.12.2017 of these records,
Show the impact of their Balance Sheets dated 31.12.2018 and the 2017, 2018 Profit or Loss Statements.
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