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(iv) Prepare a Balance Sheet as at 31 Aug (2 marks) QUESTION 3 Al Plc issued 10,000, 11% $ 1000 bonds on 1 July 20_0 yielding 13%. The semi-annual coupon paying bonds pay inte December and 30 June. The bond matures five years from date of issue. Al's financial year ends on 30th June. Required (show all your workings): (i) Calculate the bond issue proceeds. (2 marks) (ii) The journal entries to record the bond issue (2 marks) (ii) The journal entries to record the the first two interest payments under both inerest method and straight linen marks) (iv) Present an excerpt of the balance sheet, long term liability section as at 30 June 2021 for interest and straight marks) (iv) Prepare a Balance Sheet as at 31 Aug (2 marks) QUESTION 3 Al Plc issued 10,000, 11% $ 1000 bonds on 1 July 20_0 yielding 13%. The semi-annual coupon paying bonds pay inte December and 30 June. The bond matures five years from date of issue. Al's financial year ends on 30th June. Required (show all your workings): (i) Calculate the bond issue proceeds. (2 marks) (ii) The journal entries to record the bond issue (2 marks) (ii) The journal entries to record the the first two interest payments under both inerest method and straight linen marks) (iv) Present an excerpt of the balance sheet, long term liability section as at 30 June 2021 for interest and straight marks)

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