prepare the adjusting entry on november 30 2021 to accrue interest on bonds assuming the companys year end was november 30,2021

On July 1,2021. Oriole Satellites Corporation issued $1,200,000 of 10 year, 7% bonds to yield a market interest rate of 6 K. The bonds pay semi-annual interest on July 1 and january 1 . Oriole has a December 31 year end and records adjusting entries annually. Oriole received $1,289,270 when issuing the bonds. Click here to view the factor table