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Oriole Company sold $3,140,000,9%,10-year bonds on January 1,2025. The bonds were dated January 1,2025, and...

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Accounting

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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-fine amortization on bond premiums and discounts. Financial statements are prepared annually. Prepare amortization table for issuance of the bonds sold at 104 for the first three interest payments. Prepare amortization table for issuance of the bonds sold at 98 for the first three interest paryments. Prepare the journal entries to record interest expense for 2022 under both of the bond issuances assuming they sold at: (1) 104 and (2) 98 . (Cre account titles are automatically indented when amount is entered. Do not indent manually.) Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 104 at December 31,2022 . Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 98 at December 31, 2022

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