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Please answer all, this is a Q1 Question 1 of 4 > III On July 31, 2021. Oriole Inc. issued $520,000 of 5 year,4% bonds
Please answer all, this is a Q1
Question 1 of 4 > III On July 31, 2021. Oriole Inc. issued $520,000 of 5 year,4% bonds at 104. Interest is payable semiannually on July 31 and January 31 Oriole's fiscal year endis January 21 Is the market rate of interest higher or lower than 4% The market rate of interest is eTextbook and Media List of Accounts Question Part Score -0.15 Record these of the bonds on July 31 2021. Credit account titledre utomatkally indented when the moontleered Denot indent manually no entry is ruire select "No Entry for the account titles and enter for the amounts. Debit Credit Date Account Titles and Explanation July 31 (To record issuance of bondal Textbook and Media List of Accounts Question Part Score -10.35 Record the payment of interest on January 31, 2022, assuming the semi-annual amortization amount for this interest period is 5960. (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 ttles and enter for the amounts) Date Account Tities and Explanation Debit Crerit Jan. 31 To record interest payment.) e Textbook and Media List of Accounts --/05 sting Part Score List of Accounts Question Part Soore -0.35 Record the payment of interest on January 31, 2022 assuming the semi-annual amortization amount for this interest periodis $960. (Credit accountitles 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 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 31 To record interest payment eTextbook and Media List of Accounts Question Part Score -0.5
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