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On January 1, 2025, Marigold Company purchased at par 8% bonds having a maturity value of $230,000. They are dated January 1, 2025, and

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On January 1, 2025, Marigold Company purchased at par 8% bonds having a maturity value of $230,000. They are dated January 1, 2025, and mature January 1, 2030, with interest received on January 1 of each year. The bonds are classified in the held-to-maturity category. (a) Prepare the journal entry at the date of the bond purchase. (b) Prepare the journal entry to record the interest revenue on December 31, 2025. (c) Prepare the journal entry to record the interest received on January 1, 2026. (List all debit entries before credit entries. Credit account titles are automatically indented when 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.) Date Account Titles and Explanation v1.2025 Debt Investments ber 31, 2025 y1, 2026 v Cash Debit Credit

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