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Multiple Choice Question 40 On January 1, 2017, Marigold Company purchased at face value, a $1020, 10% bond that pays interest on January 1, Marigold

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Multiple Choice Question 40 On January 1, 2017, Marigold Company purchased at face value, a $1020, 10% bond that pays interest on January 1, Marigold Company has a calendar year end The adjusting entry on December 31, 2017, is Cash 102 102 Interest Revenue Interest Receivable Interest Revenue 102 102 not required Interest Receivable 102 Debt Investments 102 Multiple Choice Question 40 On January 1, 2017, Marigold Company purchased at face value, a $1020, 10% bond that pays interest on January 1, Marigold Company has a calendar year end The adjusting entry on December 31, 2017, is Cash 102 102 Interest Revenue Interest Receivable Interest Revenue 102 102 not required Interest Receivable 102 Debt Investments 102

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