Question: On January 1 , 2 0 2 5 , Marigold Company sold 1 2 % bonds having a maturity value of $ 9 0 0
On January Marigold Company sold bonds having a maturity value of $ for $ which provides the bondholders with a yield. The bonds are dated January and mature January with interest payable December of each year. Marigold Company allocates interest and unamortized discount or premium on the effectiveinterest basis.
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Prepare the journal entry at the date of the bond issuance. Round answer to decimal places, eg If no entry is required, select No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Llst all debit entries before credit entries. If no entry is required, select No entry" for the account titles and enter in the respective debit and credit fields.
tableDate Account Titles and Explanation,Debit,Credit,tableJanuary Cash,,Bonds Payable,,Premium on Bonds Payable,,
Your answer is correct.
Prepare a schedule of interest expense and bond amortization for Round answer to decimal places, eg
repare the journal entry to record the interest payment and the amortization for Round answer to decimal places, es If no entry is required, select No Entry" for the account titles and enter O for the amounts. Credit account titles are intomatically indented when the amount is entered. Do not indent monually. List all debit entries before credit entries. If no entry is equired, select No entry" for the account titles and enter O in the respective debit ond credit fields.
Prepare the journal entry to record the interest payment and the amortization for Round answer to decimal places, eg If no entry is required, select No Entry" for the account titles and enter O for the amounts. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select No entry" for the account titles and enter O in the respective debit and credit fields. Please answer only the last part Thank you
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