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L 2 On January 1, 2020, Marigold Company und $180,000 of 7%, 10-year bonds at par. Interest is payable quarterly on April 1 July 1,
L 2 On January 1, 2020, Marigold Company und $180,000 of 7%, 10-year bonds at par. Interest is payable quarterly on April 1 July 1, October 1, and January 1 On June 1, 2020, Swifty Company issued $132.000 of 12% 10-year bonds dated January 1 at parplus accrued interest Interest is payable semiannually on July 1 and January 1. For each of these two independent situations, prepare journal entries to recond the following 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 amount is entered. Do not indent manually) 3) The issuance of the bonds The payment of interest on July 1 (c) The accrual of interest on December 31. Date Account Titles and Explanation Debit Credit 1. Marisold Comman 1/1/20 Cath Payable 7/1/20 Interest Expe 12/31/20 Interest Payable Interest Expeme Swifty Comeame 1 1 1 eTextbook and Media Ust of Accounts Saved Attempts: 2 of 4 used aute-submitted on the due date Auta
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