On June 30, 1999 (a semiannual interest payment date), Holiday Rollerblade Company redeemed all of its \(\$ 400,000\) face value of \(10 \%\) bonds outstanding by calling them at 106 . The bonds were originally issued on June 30,1995 , at 100 . Prepare the journal entry to record the payment of the interest and the redemption of the bonds on June 30, 1999.