Presented below is the partial bond discount amortization schedule for Oriole Corp. Oriole uses the effective-interest method of amortization Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Issue date Unamortized Discount $100,769 92,757 84,345 Bond Carrying Value $2,509,231 2,517,243 2,525,655 1 $117,450 117,450 $125,462 125,862 $8,012 8,412 2 (a) Prepare the journal entry to record the payment of interest and the discount amortization at the end of period 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit