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On October 1, 2021, Martinez Corp, issued $816,000,8%, 10-year bonds at face value. The bonds were dated October 1, 2021, a pay interest annually on

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On October 1, 2021, Martinez Corp, issued $816,000,8%, 10-year bonds at face value. The bonds were dated October 1, 2021, a pay interest annually on October 1. Financial statements are prepared annually on December 31. (a). (C)-(d) (a) (c) Prepare a tabular summary to record the issuance of the bonds and the adjustments to record the accrual of interest on December 31, 2021. Prepare a tabular summary to record the payment of interest on October 1, 2022. Prepare a tabular summary to record redemption of the bonds on October 1, 2031. their maturity date. (Assume interest has already been recorded and paid.) (d) Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Cash Bonds. Pay Interest Pay (a) Oct. 1.2021 $ $ Dec. 31.2021 Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets. Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Cash Bonds. Pay + Interest Pay (a) Oct 1, 2021 $ $ Dec 31, 2021 1 (c) Oct. 1.2022 (d) Oct. 1.2031 Save for Later Attempts: 0 of 1 used Submit Answer (b) Stockholders' Equity Pd. in Cap Retained Earnings Common Stock Revenue Expense Dividend $ $ $ Save for Later Attempts: 0 of 1 used Submit Answer d Earnings Dividend $ I Attempts: 0 of 1 used Submit Answer rt will be available when you complete the part above. cBook Pro

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