Points of 3 Save Maple Management inc issued 6 percent bonds with a maturity value of $6,000,000 for $5.513.346 on October 1, 2020, when the market rate of interest was 8 percent. These bonds mature on Octuber 1, 2025, and are calle 102.50 Maple Management Inc. pays interest each April 1 and October 1 On October 1, 2021, when the bond market price is 104.50, Maple Management Inc. retires the bonds in the most economical way eval Required Record the payment of interest and the amortization of the bond discount at October 1, 2021, also recond the retrement of the bonds on that date Maple Management inc. uses the effective interest method to amorize the bond discount Record the entry for the payment of interest and the amortization of the bond discount at October 1, 2021. (Recond debits first, then credits. Exclude explanations from journal entries. Round amounts to the nearest whole dollar) Date Journal Entry Accounts Debit Credit 2021 Oct 1 Maple Management Inc. issued 6 percent bonds with a maturity value of $6,000,000 for $5,513,340 on October 1, 2020, when the market rate of interest was 8 percent. These bonds mature on October 1, 2025, and are calable at 102.50 Maple Management Inc. pays interest each April 1 and October 1. On October 1, 2021, when the bonds' market price is 104.50, Maple Management Inc. retires the bonds in the most economical way available Required Record the payment of interest and the amortization of the bond discount at October 1, 2021; also record the retirement of the bonds on that date. Maple Management Inc. uses the effective interest method to amortize the bond discount. Record the entry for the payment of interest and the amortization of the bond discount at October 1, 2021. (Record debits first, then credits. Exclude explanations from journal entries. Round amounts to the nearest whole dollar) Date Journal Entry Accounts Debit Credit 2021 On 1 Maple Management Inc. issued 6 percent bonds with a maturity value of $6,000,000 for $5,513,346 on October 1, 2020, when the market rate of interest was 8 percent. These bonds mature on October 1, 2025, and are callable at 102.50. Maple Management Inc. pays interest each April 1 and October 1. On October 1, 2021, when the bonds' market price is 104.50, Maple Management Inc. retires the bonds in the most economical way available. Required Record the payment of interest and the amortization of the bond discount at October 1, 2021; also record the retirement of the bonds on that date. Maple Management Inc. uses the effective-interest method to amortize the bond discount. wwwww Record the entry for the payment of interest and the amortization of the bond discount at October 1, 2021. (Record debits first, then credits. Exclude explanations from journal entries. Round amounts to the nearest whole dollar.) Date 2021 Journal Entry Accounts Help me solve this Calculator Debit Credit Clear all Check