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On June 30, 2021, Martinez SA issued R$3,270,000 face value of 13%, 20-year bonds at R$3,516,000, to yield 12%. The bonds pay semiannual interest on
On June 30, 2021, Martinez SA issued R$3,270,000 face value of 13%, 20-year bonds at R$3,516,000, to yield 12%. The bonds pay semiannual interest on June 30 and December 31.
(a)
Prepare the journal entries to record the following transactions. (Round answer to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
(1) | The issuance of the bonds on June 30, 2021. | |
(2) | The payment of interest and the amortization of the premium on December 31, 2021. | |
(3) | The payment of interest and the amortization of the premium on June 30, 2022. | |
(4) | The payment of interest and the amortization of the premium on December 31, 2022. |
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