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Oriole Company sold $5,100,000,7%,15-year bonds on January 1, 2025. The bonds were dated January 1,2025 , and pay interest on December 31. The bonds were

image text in transcribed Oriole Company sold $5,100,000,7%,15-year bonds on January 1, 2025. The bonds were dated January 1,2025 , and pay interest on December 31. The bonds were sold at 96. (a) Prepare the journal entry to record the issuance of the bonds on January 1, 2025. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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