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Prepare the journal entry at the data of the bond issuance

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On January 1, 2017. Martinez Company sold 12% bonds having a maturity value of $410,000 for $441,084 which provides the bondholders with a 10 % yield. The bonds are dated January 1 2017, and mature January 1 2022, with interest payable December of each year.. Martinez Company allocates interest and unamortized discount or premium on the effective interest basis.

Prepare the journal entry at the data of the bond issuance

Prepare a schedule of interest expenses and bond amortization for 2017-2019

Prepare the journal entry to record the interest payment and the amortization

Reference no: EM131785000

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