Bond details:

Face value

100

Issue price

100

Maturity

15-Dec-X6

Rate of interest

4.00%

Currency

USD

Coupon dates (until maturity)

Coupon date

Settle date

Previous coupon

15-June-X2

18-June-X2

Coupon date-1

15-Dec-X3

18-Dec-X3

Coupon date-2

15-June-X3

18-June-X3

Coupon date-3

15-Dec-X4

18-Dec-X4

Coupon date-4

15-June-X4

18-June-X4

Coupon date-5

15-Dec-X5

18-Dec-X5

Coupon date-6

15-June-X5

18-June-X5

Coupon date-7

15-Dec-X6

18-Dec-X6

Prepare journal entries, general ledgers, income statement, and balance sheet.