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Problem 10-10A Marigold Corp. sold $2,970,000 9%, 10-year bonds on January 1, 2019. The bonds were dated anuary 1 2019, and pay interest a nually

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Problem 10-10A Marigold Corp. sold $2,970,000 9%, 10-year bonds on January 1, 2019. The bonds were dated anuary 1 2019, and pay interest a nually on an ary . Marigold Corp. uses the straight-line method to amortize bond premium or discount. Your answer is partially correct. Try again. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2019, assuming that the bonds are sold at 105. (Credit account tities are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Tities and Explanatiorn Debit Credit an. 1, 2019Bonds Payable Interest Expense Cash 297000 Dec. 31, 2019 interest Payable Interest Expense

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