Long-term liabilities ORIOLE COMPANY Balance Sheet (partial) Bonds payable $3,600,000 Less: Discount on bonds payable 81,000 $3,519,000 Oriole decides to redeem these bonds at 106 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2025. (List all debit entries before credit entries. Credit titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select" for the account titles and enter 0 for the amounts.) Date July 1 Account Titles and Explanation Debit Credit

Long-term liabilities ORIOLE COMPANY Balance Sheet (partial) Bonds payable $3,600,000 Less: Discount on bonds payable 81,000 $3,519,000 Oriole decides to redeem these bonds at 106 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2025. (List all debit entries before credit entries. Credit titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select" for the account titles and enter 0 for the amounts.) Date July 1 Account Titles and Explanation Debit Credit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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