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Marigold Corp. purchased a $100,000 face-value bond of Myers Corp. on August 31, 2019. for $104,510 plus accrued interest. The effective yield on the

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Marigold Corp. purchased a $100,000 face-value bond of Myers Corp. on August 31, 2019. for $104,510 plus accrued interest. The effective yield on the bond is 11.00%. The bond pays interest annually each November 1 at a rate of 12%. On November 1.2019 Marigold Corp, received the annual interest. On December 31, 2019, Marigold's year end, the fair value for these bonds was 103.6. Marigold sold the bond on January 15, 2020, for $103.300 plus accrued interest. Assume Marigold Corp. follows IFRS Prepare the journal entries to record the purchase of the bond, the receipt of interest, any adjustments required at year end, and the subsequent sale of the bond. (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 O for the amounts. Compute occrued interest using 1/2 month Round answers to O decimal places, eg. 5,275)

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