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On January 1, 2019, Toyota Company issued a two-year, $10,000, 10% bond. The interest is payable semi-annually each June 30th and December 31. The issue

On January 1, 2019, Toyota Company issued a two-year, $10,000, 10% bond. The interest is payable semi-annually each June 30th and December 31. The issue price was based on an 12% effective interest rate.

Please fill in the amortization table below (Use excel or appropriate factor(s) from the tables provided)

Formatting: Please round to the nearest dollar and do not use dollar signs (i.e. enter '1,000' rather than '$1,000'). All numbers should be positive.

Interest Payment Interest Expense Amortization

Unamortized

Discount or Premium

Bonds Payable, net
January 1st 2019
June 30th 2019 xxx

Given the Toyota bond information from the question above, what journal entry would Toyota need to make on the date of maturity of the bonds?

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