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Question 15 of 18 View Policies < Current Attempt in Progress On January 1, 2022, Martinez AG made an investment in 71.000 of the
Question 15 of 18 View Policies < Current Attempt in Progress On January 1, 2022, Martinez AG made an investment in 71.000 of the 9%, 5-year bonds of Chester Corporation for 65,752, which provides an 11% return. Assume Martinez plans to actively trade the bonds to profit from market interest rate changes. Prepare Martinez's journal entries for (a) the purchase of the investment. (b) the receipt of annual interest and discount amortization, and (c) the year-end fair value adjustment. The bonds have a year-end fair value of 67,450. (Round answers to O decimal places, e.g. 1,225. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation (a) Debit Credit (b) (c)
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