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Exercise 9.6 investiment will provide Martinez Corp. with a vied. Martinez Corp, applies IRS and accounts for this investment in the moured cost model On

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Exercise 9.6 investiment will provide Martinez Corp. with a vied. Martinez Corp, applies IRS and accounts for this investment in the moured cost model On January 1, 2020, Martinez Corp. acquires $309.000 el der Products Inc bonds at a price $293,357. The interests payable ad December 31, and the lind mature on December 31, 2017. The Prepare a three-your bond amortito schedule. (Hound answers to decim.275.) Schedule of Interest Income and Tondi Amortization ffective interest Method Cash interest Herceived Bond Discount Date Carrying amount Amortization of lands 01/01/20 12/31/90 123 2312 It is to try for the counter for the Hunde Prepare there to recorded and come December 2001 ( mily when the time Acces and antion Det C De Prepare the journal entries to record interest received and interest income on December 31, 2022, and the maturity of the bond. (Credit confites are automatically in the amount entered. Do not indent manually. If no entry is required, select "No Entry for the accountities and enter for the amounts Mound answers to decide 97) Date Account Titles and Explanation Debit Credit Dec 31, 2022 (To record collection of west) Dec 1, 2002 (to record maturity of bond investment) LIST OF ACCOUNT Prepare the entry for the disposal of the Martinezhad told bond on December 31, 2021 for $382.700 de tout cecidit titles and enter the Hound swers to dec. 5.273.1 lave been recorded (Credit counter will be when the amount is entered indentally not try when Account Titles and nation Det Credit

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