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need the ans ASAP CES Exercise 0-4 On January 1, 2017, Marigold Corp. acquires $303,000 of Spider Products, Inc. 7 bonds at a price of

need the ans ASAP
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CES Exercise 0-4 On January 1, 2017, Marigold Corp. acquires $303,000 of Spider Products, Inc. 7 bonds at a price of $287.660. The interest is payable each December 31, and the bonds mature on December 31, 2019. The investment will provide Marigold Corp, with a 99 yield, Marigold Corp, applies IFRS and accounts for this investment using the amortized cost model Prepare a three-year bond amortization schedule. (Round answers to decimal places, .g. 5,275.) Schedule of Interest Income and Bond Discount Amortization Effective Interest Method Cash Interest Bond Discount Carrying Amount Date Received Income Amortization of Bonds 01/01/17 12/31/17 $ 12/31/18 12/31/19 Prepare the journal entry to record interest received and interest income on December 31, 2018. (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 for the amounts Round answers to o decimal places, ... 5,275.) Date Account Titles and Explanation Debit Credit Dec 31, 2018 Prepare the journal entry to record interest received and interest income on December 31, 2018. (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. Round answers to o decimal places, e.g. 5,275.) Date Account Tities and Explanation Debat Credit Dec 31, 2018 Prepare the journal entries to record interest received and interest Income on December 31, 2019, and the maturity 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 tities and enter o for the amounts. Round answers to decimal places, e.g. 5,275.) Debit Credit Date Account Titles and Explanation Dec 31, 2019 (To record the receipt of the interest payment) Dec 31, 2019 (To record the receipt of the interest payment) Dec 31, 2019 (To record proceeds on maturity) Prepare the entry for the disposal of the investment if Marigold had sold the bond on December 31, 2018, for $282,700 instead of holding it to maturity. Assume that 2018 interest received and Interest income have already been recorded. (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. Round answers to o decimal places, e.g. 5,275.) Account Titles and Explanation Debit Credit

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