On January 1, 2020, Marigold Company purchased at face value, a $1020, 10% bond that pays interest on January 1. Marigold Company has a calendar year end. The adjusting entry on December 31, 2020, is...


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On January 1, 2020, Marigold Company purchased at face value, a $1020, 10% bond that pays<br>interest on January 1. Marigold Company has a calendar year end.<br>The adjusting entry on December 31, 2020, is<br>Cash<br>102<br>Interest Revenue<br>102<br>not required<br>Interest Receivable<br>102<br>Interest Revenue<br>102<br>Interest Receivable<br>102<br>Debt Investments<br>102<br>

Extracted text: On January 1, 2020, Marigold Company purchased at face value, a $1020, 10% bond that pays interest on January 1. Marigold Company has a calendar year end. The adjusting entry on December 31, 2020, is Cash 102 Interest Revenue 102 not required Interest Receivable 102 Interest Revenue 102 Interest Receivable 102 Debt Investments 102

Jun 11, 2022
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