on my last attempt so I need this to be correct. discount on bonds payable and paid in capital are both showing incorrect.

Your answer is partially correct. Oriole Inc. issued $4,010,000 of 11%, 10 year convertible bonds on June 1, 2017 at 98 plus accrued interest. The bonds were dated April 1, 2017 with interest payable April and October 1. Bond discount semiannually on a straight-line basis. e d On April 1, 2018, $1.503.750 of these bonds were converted into 26.000 shares of $20 par value common stock. Accrued interest was paid in cash at the time of conversion (a) Prepare the entry to record the interest expense at October 1, 2017. Assume that accrued interest payable was credited when the bonds were issued (b) Prepare the entry to record the conversion on April 1, 2018. (Book value method is used.) Assume that the entry to record amortization of the band discount and interest payment has been made. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "Ne Entry for the account tles and enter for the amounts. Round answers to decimal place 5.125 No. Account Titles and Explanation (a) Interest Payable Debit Credit 1 Interest Expense Discount on Bonds Payable (b) Bands Payable Discount on Bonds Payable 27271 520000 Common Stock Paid-in Capital in Excess of Par-Common Stock e Textbook and Media List of Accounts Attempts: 2 of 3 used Setor Later Submit