On January 1, 2021. Marigold Corporation issued $5600000, 10-year, 10% bonds at 103. Interest is...
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On January 1, 2021. Marigold Corporation issued $5600000, 10-year, 10% bonds at 103. Interest is payable annually on January 1. The journal entry to record this transaction on January 1, 2021 is O Cash 5600000 Bonds Payable 5600000 O Premium on Bonds Payable 168000 Cash 5600000 Bonds Payable 5768000 5768000 O Cash Bonds Payable 5768000 5768000 5600000 Cash Bonds Payable Premium on Bonds Payable 168000
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