Marigold Corporation issued $455,000, 7%, 20-year bonds on January 1, 2017, for $410,326. This price resulted in an effective-interest rate of 8% on the bonds. Interest is payable annually on January 1. Swifty uses the effective-interest method to amortize bond premium or discount.

Prepare the schedule using effective interest method to amortize bond premium or discount of Marigold Corp.. (Round answers to O decimal places, e.g. 5,250.) Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value Issue date LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare the journal entry to record the issuance of the bonds. (Round answers to O decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Jan. 1, 2017 LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare the journal entry to record the accrual of interest and the discount amortization on December 31, 2017. (Round answers to o decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2017 LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare the journal entry to record the payment of interest on January 1, 2018. (Round answers to o decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Jan. 1, 2018 Click if you would like to Show Work for this question: Open Show Work