On May 1, 2022, Oriole Corp. issued $770,000,6%,5-year bonds at face value. The bonds were dated May 1, 2022, and pay interest annually on May 1. Financial statements are prepared annually on December 31. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are outomatically indented when amount is entered. Do not indent manually.) Prepare the adjusting entry to record the accrual of interest on December 31,2022 . (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Oriole Corp. Balance Sheet (Partial) December 31.2022 Current Liabilities Interest Payable $ Long-term Liabilities Bonds Payable $ eTextbook and Media List of Accounts amount is entered. Do not indent manually.) Prepare the adjusting entry to record the accrual of interest on December 31, 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually) eTextbook and Media Assume that on January 1, 2024, Oriole pays the accrual bond interest and calls the bonds. The call price is 105. Record the payment of interest and redemption of the bonds. (Credit account titles are outomatically indented when amount is entered Do not indent manuolly. Assume that on January 1,2024, Oriole pays the accrual bond interest and calls the bonds. The call price is 105 . Record the payment of interest and redemption of the bonds. (Credit account titles are automatically indented when amount is entered, Do not indent manually.) On May 1, 2022, Oriole Corp. issued $770,000,6%,5-year bonds at face value. The bonds were dated May 1, 2022, and pay interest annually on May 1. Financial statements are prepared annually on December 31. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are outomatically indented when amount is entered. Do not indent manually.) Prepare the adjusting entry to record the accrual of interest on December 31,2022 . (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Oriole Corp. Balance Sheet (Partial) December 31.2022 Current Liabilities Interest Payable $ Long-term Liabilities Bonds Payable $ eTextbook and Media List of Accounts amount is entered. Do not indent manually.) Prepare the adjusting entry to record the accrual of interest on December 31, 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually) eTextbook and Media Assume that on January 1, 2024, Oriole pays the accrual bond interest and calls the bonds. The call price is 105. Record the payment of interest and redemption of the bonds. (Credit account titles are outomatically indented when amount is entered Do not indent manuolly. Assume that on January 1,2024, Oriole pays the accrual bond interest and calls the bonds. The call price is 105 . Record the payment of interest and redemption of the bonds. (Credit account titles are automatically indented when amount is entered, Do not indent manually.)
