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Exercise 192 Mystle Company issued $500,000, 8%, 10-year bonds on December 31, 2020, for $470,000. Interest is payable annually on December 31. Mystle uses the straight-line method of amortization and has a calendar year end. Prepare the appropriate journal entries on (a) December 31, 2020. (b) December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit (a) Dec. 31, 2020 (b) Dec. 31, 2021

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Exercise 192 Mystle Company issued $500,000, 8%, 10-year bonds on December 31, 2020, for $470,000. I...

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