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Part B, the full chart Marigold Corp. sold $2,200,000,6%,10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on
Part B, the full chart
Marigold Corp. sold $2,200,000,6%,10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on January 1. Marigold Corp. uses the straight-line method to amortize bond premium or discount. The bonds were sold at 105. (a) Prepare the journal entry to record the issuance of the bonds on January 1, 2022. (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 Ofor the amounts.) Prepare a bond premium amortization schedule for the first four interest periods. repare a bond premium amortization schedule for the first four interest periods Step by Step Solution
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