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. $1$