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, 0. Date Credit Debit Account Titles and Explanation 1/1/22 Cash 3265600 Premium on Bonds Payable Bonds Payable 2983000 1/1/22 Cash 157000 Discount on Bonds Payable 3140000 Bonds Payable 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, 0. Date Credit Debit Account Titles and Explanation 1/1/22 Cash 3265600 Premium on Bonds Payable Bonds Payable 2983000 1/1/22 Cash 157000 Discount on Bonds Payable 3140000 Bonds Payable