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PLEASE HELP ME On January 1, 2017, Marigold Corporation issued $570,000 of 9% bonds, due in 8 years. The bonds were issued for $539,112, and

PLEASE HELP ME

On January 1, 2017, Marigold Corporation issued $570,000 of 9% bonds, due in 8 years. The bonds were issued for $539,112, and pay interest each July 1 and January 1. Marigold uses the effective-interest method. Prepare the companys journal entries for (a) the January 1 issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry. Assume an effective-interest rate of 10%. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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Question 2 On January 1, 2017, Mangold Corporation issued $570,000 of 996 bonds, due in 8 years. The bonds were issued for $539,112, and pay interest each July 1 and January 1 Marigold uses the effective interest method pare the company's journal entries or a the January 1 issuance, b he July 1 interest payment and the December 31 a usting entry Assume an effective-interest rate of 1 % (A u intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit (a) Jan. 1, 2017

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