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Current Attempt in Progress Oriole Company sold $3,140,000, 9%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest

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Current Attempt in Progress Oriole Company sold $3,140,000, 9%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually, (a) Your answer is partially correct Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 104 and (2) 95. (Credit occount titles are od nannt indent manually. Question 3 of 5 0.67/3 !!! Prepare the journal entries to record the issuance of the bonds assuming they sold at:(1) 104 and (2) 95. (Credit account titles are automatically indented when amount is entered. Do not indent manually lo. Date Account Titles and Explanation Debit Credit 1/1/22 Cash 3265600 Premium on Bonds Payable Bonds Payable 1/1/22 Cash 2983000 Discount on Bonds Payable 157000

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