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Prepare journal entries to record the initial investment, receipt of interest, and recognition of interest income in each of the three years, and the maturity

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Prepare journal entries to record the initial investment, receipt of interest, and recognition of interest income in each of the three years, and the maturity of the bond at the end of the third year. (Credit occount titler are automaticolly indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter Ofor the amounts, List all debit entries before credit entries. Round answers to 2 decimal places, es. 52.75. Marigold Corp. invested in a three-year, $100 face value, 8% bond paying $90,39, At this price, the bond will yield a 12% return, Interest is payable annually. Marigold uses the amortized cost model of accounting for investments. Prepare a bond discount amortization table for Marigold, assuming Marigold uses the effective interest method required by IFRS. (Round answers to 2 decimal ploces, eg. 52.75.) Assuming Marigold applies ASPE and has chosen to use the straight-line method of amortization, determine the amount of discount that is amortized each year. (Round answer to 2 decimal places, eg. 52.75.) Straight-line discount amortization each year

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