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On June 30,2025 , Doruld Martin Company issued $3,270,000,00 face value of 13%,20 vear bonds at $3,516,000,00, a yield of 12% Martin uses the effective
On June 30,2025 , Doruld Martin Company issued $3,270,000,00 face value of 13%,20 vear bonds at $3,516,000,00, a yield of 12% Martin uses the effective interest method to amsortize bond premium or discount. The bonds pay semiannual interest on June 30 and Dexember 31 Cilick here to view tactor tables. (a) Prepare the journat entries to record the following trans Ations. (Round answer to 2 decimal places, eg. 38,548.25. If no entry is required, select "No Entry" for the occount tieles and enter 0 for the amounts. Credit account tieles are automatically indented when the amount is entered. Do not indent manually, List all debit entries before credit entries:) 1. The issuance of the bonds on tune 30,2025 . 2. The payment of interest and the amortization of the premium on December 31,2025 . 3. The payment of interest and the amortization of the premium on June 30,2026. 4. The payment of interest and the amortization of the premium on December 31:2026. 3
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