Problem 10-4A (Part Level Submission) Oriole Company sold $5,800,000, 14%, 15-year bonds on January 1, 2019. The bonds were dated January 1, 2019, and paid interest on January 1. The bonds were sold at 97. (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds on January 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2019 Cash 5626000 Discount on Bonds Payable 174000 Bonds Payable 5800000 Click if you would like to Show Work for this question: Open Show Work (b) At December 31, 2019, $11,600 of the Discount on Bonds Payable account has been amortized. Show the balance sheet presentation of the long-term liability at December 31, 2019. (Enter account name only and do not provide descriptive information.) Oriole Company Balance Sheet $ Click if you would like to Show Work for this question: Open Show Work