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Exercise 1

On January 1st, the company Pesqueros Anónimos, S.A. Issues bonds for $ 500,000, at a rate of 5%, to 60 months, which pays a quarterly interest of $ 6,250; And receives cash for $ 476,000.

It is requested to register the issuance of these obligations

Exercise 2

On May 1, 2015, the distributor of Juguetes, Ltd. purchases bonds at a rate of 6%, at 5 years, on the issue date, directly from Fábrica de Plásticos, S.A. As an investment that will remain until its expiration. Obligations pay semi-annual interest and were purchased at a discount as follows:

Nominal value of obligations $ 100,000

Less discount on obligations (8,000)

Bond purchase price $ 92,000

It asks to register the purchase of the investment, the interest that is received, and the amortization of the discount