Oriole Company issued $$476,000,6\%,30-$year bonds on January $1,2022,$ at $103.$ Interest is payable annually on January $1.$ Oriole uses straight$-$line amortization for bond premium or discount.

$($a$)$

Prepare the journal entry to record the issuance of the bonds. $($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

Date Account Titles and Explanation

Debit

Credit

Jan. $1$

Prepare the journal entry to record the accrual of interest and the premium amortization on December $31,2022.($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

Date Account Titles and Explanation

Dec. $31$

Debit

Credit

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List of Accounts

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