Question: Current Attempt in Progress Metlock Ltd. issued a $1,012,000, 10-year bond dated January 1, 2020. The bond was sold at 98. 10% interest was payable

Current Attempt in Progress Metlock Ltd. issued a $1,012,000, 10-year bond dated January 1, 2020. The bond was sold at 98. 10% interest was payable on the bond on January 1 and July 1 each year. The company's year-end was December 31, and Metlock followed ASPE and chose to use the straight-line amortization method. Prepare the journal entries for the given dates. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit - 71 |||

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