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On August 1, 2022, Oriole Company issued $660,000.7%, 10-year bands at face value. Interest is payable annually on August 1. Oriolc's year end is December
On August 1, 2022, Oriole Company issued $660,000.7%, 10-year bands at face value. Interest is payable annually on August 1. Oriolc's year end is December 31 (a) Prepare the journal entry to record the ixuance aft e bonds. (Credit account titles are automatically indented when amount entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Aug, 1 660,000 Bands Payable 680.000 Bonds Payable (b) Prepare the journal entry to record the accruel af interest on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec. Interest Exacne 31 Interest Payable ic! Prepare the journal entry to record the payment of interest on August 1, 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Auf 1 Interest Expense Premium on Bonds Payable
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