FULL SCREEN PRINTER VERSION RACK NEXT Multiple Choice Question 231 On January 1, Marigold Corp. issued $3000000, 14%, 5-year bonds with interest payable on December 31. The bonds sold for $3216288. The market rate of interest for these bonds was 12%. On the first interest date, using the effective interest method, the debit entry to Interest Expense is for O $385955 $420000 $360000 $376743 w w w . the point potential policy set by your instructor