Question: Hello, May you please answer these questions? This a 6 part answer. Thank you! On May 1, 2020, Marigold Corp. issued $615,000, 6%, 5-year bonds

Hello, May you please answer these questions? This a 6 part answer. Thank you! On May 1, 2020, Marigold Corp. issued $615,000, 6%, 5-year bonds at face value. The bonds were dated May 1, 2020,

Hello, May you please answer these questions? This a 6 part answer. Thank you!

On May 1, 2020, Marigold Corp. issued $615,000, 6%, 5-year bonds at face value. The bonds were dated May 1, 2020, and pay interest annually on May 1. Financial statements are prepared annually on December 31. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation May 1. 2020 e Textbook and Media List of Accounts Prepare the adjusting entry to record the accrual of interest on December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec. 31, Cash 2020 615000 Bonds Payable 615000 e Textbook and Media List of Accounts Show the balance sheet presentation on December 31, 2020. (Enter account name only and do not provide descriptive information.) Marigold Corp. Balance Sheet $ $ e Textbook and Media List of Accounts Prepare the journal entry to record payment of interest on May 1, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation May 1, 2021 e Textbook and Media List of Accounts Prepare the adjusting entry to record the accrual of interest on December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31, 2021 e Textbook and Media List of Accounts Assume that on January 1, 2022, Marigold pays the accrued bond interest and calls the bonds at 103. Record the payment of interest and redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan. 1, 2022 (To record payment of interest) Jan. 1, 2022 (To record redemption of bonds) e Textbook and Media List of Accounts

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