Question: i already did the first part just need help with the others ourses/34904 assignments/3636895 Question 1 View Policies Current Attempt in Progress Martinez Corp, issued


ourses/34904 assignments/3636895 Question 1 View Policies Current Attempt in Progress Martinez Corp, issued $390,000,8%, 20-year bonds on January 1, 2017 for $323,594. This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable annually on January 1. Martinez uses the effective interest method to amortize bond premium or discount. Prepare the schedule using effective interest method to amortize bond premium or discount of Martinez Corp. (Round answers to decimal places, e.g. 5,250.) Interest Periods Interest to Be Pald Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Va Issue date 31200 32359 1159 65247 31200 32475 1275 63971 32 List of Accounts .com/courses/34904/assignments/3636895 decimal places, e.g. 5,275. Credit account titles are automatically Prepare the journal entry to record the issuance of the bonds. (Round answers to indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2017 List of Accounts Prepare the journal entry to record the accrual of interest and the discount amortization on December 31, 2017. (Round answers to decimal places, eg. 5.275. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Dec 31, 2017 courses/34904/assignments/3636895 List of Accounts Prepare the journal entry to record the payment of interest on January 1, 2018. (Round answers to decimal places, eg. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan 1, 2018 List of Accounts Attempts: 0 of 2 used Submit Ans Save for Later
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