Oriole Company sold $3,250,000, 9%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. (a) Your answer is correct. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 101 and (2) 95. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. 1/1/22 Cash 3282500 Premium on Bonds Payable 32500 Bonds Payable 3250000 2. 1/1/22 Cash 3087500 Prepare amortization table for issuance of the bonds sold at 101 for the first three interest payments. Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamort Premit Issue date $ $ $ 1 292500 298500 3250 2 292500 308750 3250 3 292500 308750 3250 2 292500 308750 16250 3 292500 308750 16250 e Textbook and Media List of Accounts Save for Later Attempts: unlimited Submit Answer ) (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above