rcise 14 Two independent situations follow 1. On January 1, 2017, Marigold Limited issued $330,000 of 10-year, 8.50% bonds at par. Interest is payable quarterly on April 1, July 1, October 1, and January 1 On June 1, 2017, Splish Brothers Inc. issued at par, plus accrued interest, $200,000 of 10-year, 10% bonds dated January 1. Interest is payable semi-annually on July 1 and January 1. Prepare journal entries to record the issuance of the bonds. (Round answers to O decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Prepare journal entries to record the payment of interest on July 1 Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts.) Splish Brothers Inc Prepare journal entries to record the accrual of interest on December 31 (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts.) Marigold Limited Splish Brathers Inc