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For (B) the first two figures i.e. 355200 and 18500 on the debit side is incorrect. Orlole Company sold $3.700,000, 10% 10-year bonds on January
For (B) the first two figures i.e. 355200 and 18500 on the debit side is incorrect.
Orlole Company sold $3.700,000, 10% 10-year bonds on January 1, 2020. The bonds were dated January 1, 2020 and pay interest annually on January 1. Oriole Company uses the straight-line method to amortize bond premium or discount. 4.61 Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2020, auming that the bonds are sold at 96. (Credit account titles are automatically Indented when amount is entered. Do notIndent moral Record Journal entries in the order presented in the problem.) ite Account Titles and Explanation Debit Credit 020 ch 39500 Ocon den Parte 1850 Bon Pa 3700000 1.2020 Interest Date The Step by Step Solution
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