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On January 1. 2025, Marin Company purchased 8$ bonds having a matunity value of $200,000 for $216,849.76. The bonds provide the bondholders with a 6%

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On January 1. 2025, Marin Company purchased 8$ bonds having a matunity value of $200,000 for $216,849.76. The bonds provide the bondholders with a 6% yield. They are dated January 1, 2025, and mature January 1, 2030, with interest received on January 1 of each year. Marin Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category. (a) Prepare the journal entry at the date of the bond purchase. (List debit entry before crodit entry Credit account dities are automatically. indented when omount is entered, Do not indent manually if no entry is required, select "No Entry" for the account tities and enter 0 for the amounts. Round answers to 2 decimal places, es. 1,225.25. Prepare a bond amortization schedule. (Round answers to 2 decimal ploces, es. 1,225.25.)

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