FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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On January 1, 2022, Oriole Company issued $430,000, 8%, 10-year bonds at face value. Interest is payable annually on January 1.
(a)
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Transcribed Image Text:On January 1, 2022, Oriole Company issued $430,000, 8%, 10-year bonds at face value. Interest is payable annually on January 1. (a)
Prepare the journal entry to record the payment of interest on January 1, 2023. (Credit account titles are automatically indented
when amount is entered. Do not indent manually.)
Date
Jan. 1,
2023
Account Titles and Explanation
Debit
Credit
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Transcribed Image Text:Prepare the journal entry to record the payment of interest on January 1, 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Jan. 1, 2023 Account Titles and Explanation Debit Credit
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