Need help with journal entries Show Attempt History Current Attempt...
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Accounting
Need help with journal entries
Show Attempt History Current Attempt in Progress Oriole Company sold $3,800,000,4%, 10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on January 1. Oriole Company uses the straight-line method to amortize bond premium or discount. The bonds were sold at 105. (0) Prepare the journal entries for interest and the amortization of the premium in 2022 and 2023. (Credit account titles are automatically Indented when 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 Dec 31, 2022 Interest Expense 38000 Discount on Bonds Payable 1520 Cash Dec. 31.2023
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