Assume that Marigold follows ASPE Prepare the journal entries for the transactions above (Round answers to 0 decimal places, e g 5,275 Credit account titles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts Record journal entries in the order presented in the problem ) Selected transactions on the books of Marigold Corporation follow May 1, 2020 Bonds payable with a par value of $700,000, which are dated January 1, 2020, are sold at 109 plus accrued interest They are coupon bonds, bear interest at 12 (payable annually at January 1), and mature on January 1, 2030 (Use an interest expense account for accrued interest ) Dec 31 Adjusting entries are made to record the accrued interest on the bonds and the amortization of the proper amount of premium (Use straight line amortization ) Jan 1, 2021 Interest on the bonds is paid April 1 Par value bonds of $420,000 are repurchased at 104 plus accrued interest and are retired (Bond premium is to be amortized only at the end of each year ) Dec 31 Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium amortized Assume that Marigold follows ASPE Prepare the journal entries for the transactions above (Round answers to decimal places, es 5,275 Credit account titles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter for the amounts Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit May 1, 2020 Cash 263000 Interest Expense 63 Bonds Payable 700 Dec 31 2020 Interest Expense 56000 564 Interest Payable (To record accrued interest expense) (To record accrued interest expense) Dec 31, 2020 Bonds Payable 4345 Interest Expense (To amortize the premium) (To amortize the premium) Apr 1, 2021 (To record reacquisition of bonds) II LUND (To record accrued interest expense) 1557 15 03 2021 1 14'C IL (To record accrued interest expense) II TI TIL (To amortize the premium)

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Assume that Marigold follows ASPE. Prepare the journal entries for the transactions above. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are

Assume that Marigold follows ASPE. Prepare the journal entries for the transactions above. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)

Selected transactions on the books of Marigold Corporation follow:

May 1, 2020		Bonds payable with a par value of $700,000, which are dated January 1, 2020, are sold at 109 plus accrued interest. They are coupon bonds, bear interest at 12% (payable annually at January 1), and mature on January 1, 2030. (Use an interest expense account for accrued interest.)
Dec. 31		Adjusting entries are made to record the accrued interest on the bonds and the amortization of the proper amount of premium. (Use straight-line amortization.)
Jan. 1, 2021		Interest on the bonds is paid.
April 1		Par value bonds of $420,000 are repurchased at 104 plus accrued interest and are retired. (Bond premium is to be amortized only at the end of each year.)
Dec. 31		Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium amortized.

Assume that Marigold follows ASPE. Prepare the journal entries for the transactions above (Round answers to decimal places, es 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit May 1, 2020 Cash 263000 Interest Expense 63 Bonds Payable 700 Dec. 31. 2020 Interest Expense 56000 564 Interest Payable (To record accrued interest expense) (To record accrued interest expense) Dec 31, 2020 Bonds Payable 4345 Interest Expense (To amortize the premium) (To amortize the premium) Apr 1, 2021 (To record reacquisition of bonds) II LUND (To record accrued interest expense) 1557 15-03-2021 1 14'C IL (To record accrued interest expense) II TI TIL (To amortize the premium)