14. Sonic has $1,000,000 par value, 5% bonds outstanding. Prepare the company's Journal entry to retire the bonds at the date of maturity. (4 points) Page 1 GENERAL JOURNAL Debit Credit Date Description 15. On January 1, 2019, TJ Max issued 10%, 10-year bonds payable with a par value of $500,000. The bonds pay interest on July 1 and January 1. The bonds were issued for $525,000 cash. Prepare the general journal entry to record the first semiannual interest payment. The company uses the straight-line method of amortization. (6 points) GENERAL JOURNAL Page 1 Date Description Debit Credit