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On October 1, 2020 Marigold Corp. issued 6%, 10-year bonds with a face value of $7920000 at 104. Interest is paid on October 1 and
On October 1, 2020 Marigold Corp. issued 6%, 10-year bonds with a face value of $7920000 at 104. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis. The entry to record the issuance of the bonds would include a O credit of $316800 to Premium on Bonds Payable. O credit of $237600 to Interest Payable. O debit of $316800 to Discount on Bonds Payable. O credit of $7603200 to Bonds Payable
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