urgent

--/16 5 Oriole Corporation issued $2.46 million of 7-year, 7% bonds dated January 1, 2021, for $2,208,518. The market interest rate when the bonds were issued was 9%. Interest is payable semi-annually on January 1 and July 1, Oriole has a December 31 year end. Prepare an amortization schedule for the first three interest payments. (Round answers to decimal places, es 5,276) ORIOLE CORPORATION Bond Amortization Table Effective Interest Method-Semi-Annual Interest Payments 7% Bonds Issued at market rate of 9% Interest Payment Interest Expense Discount Amortization Date Bond Amortizer Jan 1. 2021 $ 0 $ 0 $ 2.2 July 1. 99.383 13283 22 86.100 O FD E e to search ORTOLE CORPORATION Bond Amortization Table Effective Interest Method-Semi-Annual Interest Payments 7% Bonds Issued at market rate of 9% Date Interest Payment Interest Expense Discount Amortization Bond Amortizec Jan. 1. 2021 $ 0 $ 0 0 $ 2,2 July 1, 2021 86,100 99,383 13.283 2.2 Jan. 1, 2022 86.100 99.981 13,881 2.2 July 1 86.100 100,606 14,506 22 2022 OE C HE Prepare the journal entry to record the first interest payment on July 1, 2021. (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 O for the amounts.) Date Account Titles and Explanation Debit Credit July 1, 2021 (To record interest payment.) List of Accounts Prepare the adjusting journal entry on December 31, 2021, to accrue the interest expense. (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 O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2021 (To accrue interest expense.) List of Accounts Prepare the journal entry for the payment of interest on January 1, 2022. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1, 2022 (To record interest payment.) List of Accounts 11 Prepare the journal entry for the payment of interest on January 1, 2022. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1, 2022 (To record interest payment.) List of Accounts 11