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Exercise 17-5 (Part Level Submission) On January 1, 2017, Metock Company acquires $140,000 of Spiderman Products, Inc., 10% bonds at a price of $136,579. Interest is received on January 1 of each year, and the bonds mature on January 1, 2020. The investment will provide Metlock Company a 11% yield. The bonds are classified as held to maturity▼ (c) and (d) (c) Prepare the journal entry for the interest revenue and discount amortization under the straight-line method at December 31, 2018 (d) Prepare the journal entry for the interest revenue and discount amortization under the effective-interest method at December 31, 2018. (Round answers to 0 decimal places, e.g. 2,500. 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 Debit SHOW LIST OF ACCOUNTS LINK TO TEXT

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