Marigold Corporation issued $660,000 of 6% bonds on May 1,2025. The bonds were dated January...

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Accounting

Marigold Corporation issued $660,000 of 6% bonds on May 1,2025. The bonds were dated January 1,2025, and mature January 1,
2028, with interest payable July 1 and January 1. The bonds were issued at face value plus accrued interest.
Prepare Marigold's journal entries for (a) the May 1 issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry.
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