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Exercise 272 Martinez Company issued $2,730,000, 8%, 20-year bonds on January 1, 2020, at 104. Interest is payable annually on January 1. Martinez uses straight-line

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Exercise 272 Martinez Company issued $2,730,000, 8%, 20-year bonds on January 1, 2020, at 104. Interest is payable annually on January 1. Martinez uses straight-line amortization for bond premium or discount. entered. Do not indent manually.) Prepare the journal entries to record the following events. (Credit account titles are automatically indented when the amount The issuance of the bonds. () The accrual of interest and the premium amortization on December 31, 2020 (b) The payment of interest on January 1, 2021 (c) The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded (d) Date Account Titles and Explanation Debit Credit Open Show Work Click if you would like to Show Work for this

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