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QUESTION
Motley Company issued $300,000, 8%, 15-year bonds on December 31, 2016, for $288,000. Interest is payable annually on December 31.
(a)The issuance of the bonds.(b)The payment of interest and the discount amortization on December 31, 2017.(c)The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.
