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The following information is taken from Marigold Corn's balance sheet at December 31, 2016 Current liabilities Interest gayable 589.500 Long-term abilities Bonds payable 5%, due

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The following information is taken from Marigold Corn's balance sheet at December 31, 2016 Current liabilities Interest gayable 589.500 Long-term abilities Bonds payable 5%, due January 1, 2022 $3,480.000 Les Discount on bonds payable 34,800 3445.200 Interest is payable annually on January 1. The bonds are quitable on any annual interest date Marigold uses straight-linn amortization for any bond premium or discount. From December 31, 2016, the bonds will be outstanding for an additional 10 years (120 months 3 ch Journalize the payment of bond interest on January 1, 2017 Prepare the entry to mortize bond discount and to accrue the interest in December 31, 2017 Assume on January 1, 2018, ter paying interest that Marigold Corp calls bonds having a face value of 5580,000. The call price is 102 Record the redemption of the bonds Prepare the adjusting entry at December 31, 2014.to amortebond count and to acero interest on the remainio bords 1d No. Account Titles and Explanation Debit Credit Date Jan. 1 2017 ib Dec 31 2017 lo Jan 1 2018 (d) Dec 31 2018

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