Oriole Corporation is a regional company which is an SEC registrant. The corporation's securities are thinly traded on

NASDAQ. Orlole Corp. has issued $20,000$ units. Each unit consists of a $$1,560$ par value, $12\%$ subordinated debenture

and $20$ shares of $$10$ par common stock. The units were sold to outside investors for cash at $$1,848$ per unit. Prior to

this sale, the $2-$week ask price of common stock was $$52$ per share. Twelve percent is a reasonable market yield for the

debentures, and therefore the par value of the bonds is equal to the falr value.

$($a$)$ Prepare the journal entry to record Oriole's transaction, under the following conditions. $($List all debit entries

before credit entries. Do not round intermediate calculations. Round final answers to $0$ decimal

places, e$.$g$.38,487.$ Credit account titles are automatically indented when the 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.$)$

$1$ Employing the incremental method.

Employing the proportional method, assuming the recent price quote on the common stock reflects fair value.

No$.$ Account Titles and Explanation

$1$

$2$

List Of Account

Bonds Payable

Buildings

Cash

Computers

Common Stock

Common Stock Dividend Distributable

Debt Investments

Discount on Bonds Payable

Dividends Payable

Equipment

Equity Investments

Gain on Investments

Income Summary

Land

Legal Fees Expense

No Entry

Organization Expense

Paid in Capital from Treasury Stock

Paid in Capital in Excess of Par $-$ Common Stock

Paid in Capital in Excess of Par $-$Preferred Stock

Paid in Capital in Excess of Par $-$Treasury Stock

Paid in Capital in Excess of Stated Value $-$ Common Stock

Preferred Stock

Property Dividends Payable

Retained Earnings

Retained Earnings Appropiated for Plant Expansion

Treasury Stock

Unamortized Bond Issue Costs

Unamortized Holding Gain or Loss $-$ Income