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Marigold Corporation issued $370,000, 7%, 20-year bonds on January 1, 2022, for $333,674. This price...

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Accounting

Marigold Corporation issued $370,000, 7%, 20-year bonds on January 1, 2022, for $333,674. This price resulted in an effective-interest rate of 8% on the bonds. Interest is payable annually on January 1. Marigold uses the effective-interest method to amortize bond premium or discount.

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Marigold Corporation issued $370,000, 7%, 20-year bonds on January 1, 2022, for $333,674. This price resulted in an effective- interest rate of 8% on the bonds. Interest is payable annually on January 1. Marigold uses the effective-interest method to amortize bond premium or discount. (a 1) Prepare the schedule using effective-interest method to amortize bond premium or discount of Marigold. (Round answers to O decimal places, e.g. 5,275.) Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value $ $ $ $

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