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*E10-21 Motley Company issued $300,000, 8%, 15-year bonds on December 31, 2016, Prep for $288,000. Interest is payable annually on December 31. Motley uses the
*E10-21 Motley Company issued $300,000, 8%, 15-year bonds on December 31, 2016, Prep for $288,000. Interest is payable annually on December 31. Motley uses the straight-line issue method to amortize bond premium or discount. Instructions Prepare the journal entries to record the following events (a) The issuance of the bonds. (b) The payment of interest and the discount amortization on December 31, 2017. (c) The redemption of the bonds at maturity, assuming interest for the last interest period of in disc rede (LO 3 has been paid and recorded
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