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On January 1, 2017, Stellar Company purchased 12% bonds having a maturity value of $310,000 for $333,502.59. The bonds provide the bondholders with a 10%

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On January 1, 2017, Stellar Company purchased 12% bonds having a maturity value of $310,000 for $333,502.59. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2017, and mature January 1, 2022, with interest receivable January 1 of each year. Stellar Company uses the effective-interest method to allocate unamortized discount or premium The bonds are classified in the hell-to-maturity category. Prepare the journal entry at the date of the bond purchase. (Enter answers to 2 decimal places, es 2,525.25. Credit account titles are automatically indented when amount is entered. Do not indent morually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and explanation Debit Credit Jan. 1. 2017 e Textbook and Media List of Accounts Prepare a bond amortization schedule (Round answers to 2 decimal places, es 2,525.25.) MacBook AS ga DII DO BO FU 000 266 74 & % 5 ( 9 2 3 4 6 7 8 0 W E R TY U O

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