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Exercise 96 On January 1, 2020, Martinez Corpo acquires 5309,000 of Spider Products Inc. 7% bonds at a price of 5293,357. The interest is payable
Exercise 96 On January 1, 2020, Martinez Corpo acquires 5309,000 of Spider Products Inc. 7% bonds at a price of 5293,357. The interest is payable each December 31, and the bonds mature on December 31, 2022. The investment will provide Martinez Corp, with a 96 yield Marine Corp, applies IFRS and accounts for this investment using the amortured cost model Prepare a tree year bond amortization schedule. (Round answers to decimal places, eg. 5,275.) Schedule of Interest Income and Bond Discount Amortization Effective Interest Method Cash Interest Bond Discount Date Received Income Amortization 0101/00 Carrying Amount of Bonds 12/31/20 12/31 12/31/22 WALT It is entry is requirect selectate for the account files and enter for the mounts to decimale. 5.) preterantry to record interest received and went on December 21, 2021 codiles ar automatically added when the amount. Doordat Date Ao Titles and Explanation Debit Credit 2017
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