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On January 1 , 2 0 2 0 , Oriole Company purchased 1 0 % bonds having a maturity value of $ 3 8 0
On January Oriole Company purchased bonds having a maturity value of $ for $ The bonds provide the bondholders with a vield. They are dated January and mature January with interest recelived on January of each year. Oriole Company uses the effectiveinterest method to allocate unamortized discount or premium The bonds are classified in the heldtomaturity category.
a
Your answer is correct.
Prepare the journal entry at the date of the bond purchase. Enter answers to decimal places, eg Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts.
Date Account Titles and Explanation
Debit
Credit
Jan.
eTextbook and Media
List of Accounts
Attempts: of used
b
Prepare a bond amortization schedule. Round answers to decimal places, eg
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