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On January 1, 2022, Oriole Corporation issued $2,000,000 face value, 7%,10-year bonds at $1,865,798. This price resulted in an effectiveinterest rate of 8% on the
On January 1, 2022, Oriole Corporation issued $2,000,000 face value, 7%,10-year bonds at $1,865,798. This price resulted in an effectiveinterest rate of 8% on the bonds. The bonds pay annual interest, each January 1. Oriole has a calendar year end. (a) Prepare the journal entry to record the issue of the bonds on January 1, 2022. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) eTextbook and Media Attempts: 0 of 2 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete
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