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1 H Styles Paragraph 5. On January 1, 2018, Argo Credit Union issued 8%, 20 year bonds payable with a face value of $400,000. The

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1 H Styles Paragraph 5. On January 1, 2018, Argo Credit Union issued 8%, 20 year bonds payable with a face value of $400,000. The bonds pay interest semiannually on June 30 and December 31. Record the retirement of the bonds at maturity on December 31, 2037, assuming the last interest payment has already been recorded. 6. On January 1, 2021, Argo Vacations issues $60 million in 20-year bonds for $66,934,432. On December 31, 2021, the bonds are retired early for $80 million. The carrying value of the bonds on December 31, 2021 is $66,747,739. Record the early retirement of the bonds

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