Question: Current Attempt in Progress Marigold Corporation issued a 4-year, $35,000,4% note to Greenbush Company on January 1, 2025, and received a computer that normally sells

Current Attempt in Progress Marigold Corporation issued a 4-year, $35,000,4% note to Greenbush Company on January 1, 2025, and received a computer that normally sells for $27,399. The note requires annual interest payments each December 31 . The market rate of interest for a note of similar risk is 11% Prepare Marigold's journal entries for (a) the January 1 issuance and (b) the December 31 interest. (Round answers to 0 decimal ploces, e8. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts Credit occount titles are automatically indented when the amount is entered. Do not indent manuolly, List all debit entries before credit entries)

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