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Current Attempt in Progress On January 1, 2022, Oriole Company issued bonds with a face value of $610,000. The bonds carry a stated interest of
Current Attempt in Progress On January 1, 2022, Oriole Company issued bonds with a face value of $610,000. The bonds carry a stated interest of 7% payable each January 1. (a) Your answer has been saved. See score details after the due date. Prepare the journal entry for the issuance assuming the bonds are issued at 96. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Cash 585600 Discount on Bonds Payable 24400 Bonds Payable 610000 Attempts: 1 of 1 used (b) Prepare the journal entry for the issuance assuming the bonds are issued at 102. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
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