On January $1,2020,$ Oriole Company purchased $10\%$ bonds having a maturity value of $$380,000,$ for $$410,343\mathrm{.}38.$ The bonds provide the bondholders with a $8\%$ vield. They are dated January $1,2020,$ and mature January $1,2025,$ with interest recelived on January $1$ of each year. Oriole Company uses the effective$-$interest method to allocate unamortized discount or premium The bonds are classified in the held$-$to$-$maturity category.

$($a$)$

Your answer is correct.

Prepare the journal entry at the date of the bond purchase. $($Enter answers to $2$ decimal places, e$.$g$.2,525\mathrm{.}25.$ 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 $0$ for the amounts.$)$

Date Account Titles and Explanation

Debit

Credit

Jan. $1,2020$

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List of Accounts

Attempts: $1$ of $3$ used

$($b$)$

Prepare a bond amortization schedule. $($Round answers to $2$ decimal places, eg$.2,525\mathrm{.}25.)$