Oriole Company issued $583,000 of 5%, 10-year bonds on January 1, 2022, at face value. Interest...

 

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Oriole Company issued $583,000 of 5%, 10-year bonds on January 1, 2022, at face value. Interest is payable annually on January 1, 2023. (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1, 2022 Cash Bonds Payable eTextbook and Media List of Accounts Debit 583000 Credit 583000 Attempts: 2 of 3 used (b) Prepare the journal entry to record the accrual of interest on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31, 2022 Debit Credit Oriole Company issued $583,000 of 5%, 10-year bonds on January 1, 2022, at face value. Interest is payable annually on January 1, 2023. (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1, 2022 Cash Bonds Payable eTextbook and Media List of Accounts Debit 583000 Credit 583000 Attempts: 2 of 3 used (b) Prepare the journal entry to record the accrual of interest on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31, 2022 Debit Credit

Answer rating: 100% (QA)

a Date Account Titles and Explanation De... View the full answer