CALCULATOR PRINTER VERSION BACK NEXT CES Question 13 On January 1, 2020, Martinez Company sold 12% bonds having a maturity value of $350,000 for $376,535, which provides the bondholders with a 10% yield. The bonds are dated January 1, 2020, and mature January 1, 2025, with interest payable December 31 of each year. Martinez Company allocates interest and unamortized discount or premium on the effective-interest basis. Prepare the journal entry at the date of the bond issuance. (Round answer to o decimal places, c.9. 38,548. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit January 1, 2020 Study Prepare a schedule of interest expense and bond amortization for 2020-2022. (Round answer to 0 decimal places, e.g. 38,548.) Schedule of Interest Expense and Bond Premium Amortization Effective-Interest Method Cash Interest Premium Carrying Date Paid Expense Amortized Amount of Bonds 1/1/20 $ 12/31/20 12/31/21 12/31/22 o e here to search E TI - ? C $ 2 3 % 5 4 6 7 8 CALCULATOR PRINTER VERSION BACK Prepare the journal entry to record the interest payment and the amortization for 2020. (Round answer to o decimal places, e.g. 38,54 no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatica indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit December 31, 2020 Prepare the journal entry to record the interest payment and the amortization for 2022. (Round answer to o decimal places, e.g. 38,548. no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation December 31, 2022 Debit Credit Show Work is REQUIRED for this question: Open Show Work Question Attempts: 0 of 1 used SAVE FOR LATER e to search SUBMIT ANSWER O te ED