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Marigold Limited issued $5,000,000 of 10 vear, 7% bonds on January 1,202,4, when the market interest rate was 8%. Marigold recelved $4,660,258 when it issued
Marigold Limited issued $5,000,000 of 10 vear, 7% bonds on January 1,202,4, when the market interest rate was 8%. Marigold recelved $4,660,258 when it issued these bonds, Interest is payable sem-annualy on July fland January 1 Marigold has a December 31 vear end. Record the accrual of interest on December 31,2024, (Round answers to 0 decimal places, es, 5,275. Credit account titles are mutomaticalhy indented when the amount is entered. Do not indent manulty. If no entry Is required, select "No Entry" for the account titles and enter o for the amounts. List all debit entries before credit entries.)
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