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Question 4 of 4 Show Attempt History Current Attempt in Progress (a) Oriole Company sold $3,140,000, 9%, 10-year bonds on January 1, 2025. The bonds
Question 4 of 4 Show Attempt History Current Attempt in Progress (a) Oriole Company sold $3,140,000, 9%, 10-year bonds on January 1, 2025. The bonds were dated January 1, 2025, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually.
Prepare amortization table for issuance of the bonds sold at 95 for the first three interest payments. e amortization table for issuance of the bonds sold at 95 for the furst three interest payments. Oriole Company sold $3,140,000,9%,10-year bonds on January 1,2025. The bonds were dated January 1, 2025, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. (a) Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 104 and (2) 95 . (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required
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