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Motley Company issued exist300,000, 8%, 15-year bonds on December 31, 2016, for exist288,000. Interest is payable annually on December 31. Uses the straight-free method in

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Motley Company issued exist300,000, 8%, 15-year bonds on December 31, 2016, for exist288,000. Interest is payable annually on December 31. Uses the straight-free method in amortize bond premium or discount. Prepare the journal entries to record the following events. (Credit account titles ae automatically indented when amount is entered. Do not indent manually.) (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 has been paid and recorded

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