Question 2 of 4
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Marigold Corporation borrowed $70,000 on November 1, 2025, by signing a $71,575, 3-month, zero-interest-bearing note. Prepare
Marigold's November 1, 2025, entry; the December 31, 2025, annual adjusting entry; and the February 1, 2026, entry. (If no entry is
required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is
entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)
Date
Account Titles and Explanation
Debit
Credit
(To record discount amortization)
(To record repayment of note)
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