Meizer Company acquired 3,083,040. Meizer amortizes the discount using the effective interest rate method. The fair value of the bonds at the end of the year is $ 3,019,000. Prepare the journal entries required on the date of acquisition and at the end of the first year after acquisition. ​(Record debits​ first, then credits. Exclude explanations from any journal​ entries.) Prepare the journal entry required on the date of acquisition. Prepare the journal entries required at the end of the first year after acquisition. Begin by recording the interest on December 31. ​(Round your answers to the nearest whole​ dollar.) ​Next, record the journal entry to adjust Meizer investments to fair value at year end on December 31.



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