Concord Corp owes $251,000 to Marigold Trust The debt is a 10 year, 12 note due December 31, 2020 Because Concord Corp is in financial trouble, Marigold Trust agrees to extend the maturity date to December 31, 2022, reduce the principal to $204,000, and reduce the interest rate to 7 , payable annu...

Step 13 step1 journal entries on concords books are here Step 23 step2 journal entries in the books ...

Concord Corp. owes $251,000 to Marigold Trust. The debt is a 10-year, 12% note due December...

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Intermediate Accounting

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Concord Corp. owes $251,000 to Marigold Trust. The debt is a 10-year, 12% note due December...

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Intermediate Accounting

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