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need help Beech Company sold goods to Marks Company totaling $51,830 during 2022. When Marks was unable to meet Beech' normal terms, Beech accepted from

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Beech Company sold goods to Marks Company totaling \$51,830 during 2022. When Marks was unable to meet Beech' normal terms, Beech accepted from Marks a $60,000, 3-year non-interest-bearing note due 1/1/26. (Beech has accepted notes in the past in settlement of open accounts.) Required: (a) Prepare Marks' journal entry on 1/1/23 when the note was signed. (b) Prepare a table which shows the amortization of bond discount over the life of the note. (c) What is the 12/31/24 adjusting entry that will be recorded by Marks? (d) What is the purpose of the journal entry at 12/31/24 ? The purpose of the journal entry is to record the changes made to the cash and the interest income account

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