Oriole Company issues $$1\mathrm{.}90$ million, $10-$year, $11\%$ bonds at $98,$ with interest payable on December $31.$ The straight$-$line method is used to amortize bond discount.

Prepare the journal entry to record the sale of these bonds on January $1,2022.($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 interest expense and bond discount amortization on December $31,2022,$ assuming no previous accrual of interest. $($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

Date Account Titles and Explanation

Dec. $31$ Interest Expense

Discount on Bonds Payable

Debit

Credit

$209000$