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ye Company sells $100,900 of 19%, 23-year bonds for 93 on April 1, 2020. The market rate of interest on that day is 19%.

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ye Company sells $100,900 of 19%, 23-year bonds for 93 on April 1, 2020. The market rate of interest on that day is 19%. Interest is paid each year on April 1. Myrtle Company uses the straight-line amortization method. Wise the adjusting entry required December 31, 2020 Recond debits first, then credits. Explanations are not required. Hold at decimals for interim calculations. Round your final answers to the nearest whole dr Date Dec. 31, 2020 Accounta Debit Cred

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