I Have Attached A File The First Qn Is The Most Difficult Plse Help 2225844

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Top of Form Bottom of Form Question 1 Oriole Products Ltd. issued $3.18 million of 3%, 5-year bonds on January 1, 2017. The bonds were dated January 1 and pay interest annually. There is no collateral secured against the bonds and Oriole Products may buy back the bonds at any time. The market interest rate was 4% for these bonds. Oriole has a calendar year end. HYPERLINK “javascript:xlinkobject(‘weygandt9781119048473a03′,’nopolice’);” Click here to view the factor table. Warning Don’t show me this message again for the assignmentOk   Cancel   Calculate the price of the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, e.g. 1,575.) Price of the bonds$ Record the bond issue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts.) DateAccount Titles and ExplanationDebitCreditJan. 1, 2017Warning Don’t show me this message again for the assignmentOk   Cancel   Prepare an effective interest amortization table for these bonds. (Round answers to 0 decimal places, e.g. 5,275.) ORIOLE PRODUCTS LTD.Bond Discount Amortization TableEffective Interest Method—Annual Interest Payments3% Bonds Issued at market rate of 4%DateInterest PaymentInterest ExpenseDiscount AmortizationBond Amortized CostJan. 1, 2017$ $ $ $ Jan. 1, 2018Jan. 1, 2019Jan. 1, 2020Jan. 1, 2021Jan. 1, 2022Warning Don’t show me this message again for the assignmentOk   Cancel   Record any required adjusting entries and subsequent payment for the first three interest payments assuming reversing entries have not been used. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is…

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