Question: Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of $63,000 for $63,000 on January 1, 2015. The market interest rate for bonds of

Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of $63,000 for $63,000 on January 1, 2015. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid annually on December 31. 1. & 2. Record the bond issue and first interest payment on December 31, 2015

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