Oriole Corporation issued $$6,600,000$ of $8\%$ bonds on October $1,2024,$ due on October $1,2029.$ The interest is to be paid twice a year on April $1$ and October $1.$ The bonds were sold to yield $10\%$ effective annual interest. Oriole Corporation closes its books annually on December $31.$

$($a$)$

Complete the following amortization schedule for the dates indicated. Use the effective$-$interest method. $($Round answers to $0$ decimal places, e$.$g$.5,275.)$

Date

Credit Cash

Debit Interest Expense

Carryit

October $1,2024$

April $1,2025$

$

$ $$ $

Credit Bond Discount

Carryit

October $1,2025$

$42544$

$($c$)$

Compute the interest expense to be reported in the income statement for the year ended December $31,2025.($Round$.$ answer to $0$ decimal places, e$.$g$.5,275.)$

Interest expense $ $$

Attempts: $0$ of $1$ used

Prepare the adjusting entry for December $31,2025.$ Use the effective$-$interest method. $($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. List all debit entries before credit entries. Round answer to O decimal places, e$.$g$.5,275.)$

Account Titles and Explanation

Debit

Credit

$$

$$

$$

$$ Last saved $1$ minute ago.

$$

$$

$$

$$

$$

$$

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