Oriole Company has issued three different bonds during 2022. Interest is payable annually on each of these bonds.

1.		On January 1, 2022, 1,600, 7%, 5-year, $1,000 bonds dated January 1, 2022, were issued at face value.
2.		On July 1, $765,000, 8%, 5-year bonds dated July 1, 2022, were issued at 103.
3.		On September 1, $225,000, 6%, 5-year bonds dated September 1, 2022, were issued at 98.

Your answer is partially correct. Oriole Company has issued three different bonds during 2022. Interest is payable annually on each of these bonds. 1. 2. . On January 1, 2022, 1,600,7%, 5-year, 51,000 bonds dated January 1 2022, were issued at face value. On July 1.5765.000, 8%. 5-year bonds dated July 1.2022 were issued at 103. On September 1, $225,000,6%. 5-year bonds dated September 1, 2022. were issued at 98 3. Prepare the journal entries to record each bond transaction at the date of issuance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Jan. 1 Cash 1600000 Bonds Payable 1600000 July 1 Cash Bonds Payable 765000 Premium on Bonds Payable COM Sept 1 V Cash 220500 Discount on Bonds Payable 4500 Bonds Payable 225000 eTextbook and Media Assistance Used List of Accounts Save for later Attempts: 2 of 5 used Submit