$-32.$ Analyzing Financial Statement Effects of Bond Redemption

Dechow, Inc., issued $$300,000$ of $8\%,15-$year bonds at $96$ on July $1,2015.$ Interest is payable semiannually on December $31$ and June $30.$ Through June $30,2022,$ Dechow amortized $$3,823$ of the bond discount. On July $1,2022,$ Dechow will retire the bonds at $101.$ Record the issue and retirement of these bonds in the financial statement effects template. $($Assume the June interest expense has already been recorded.$)$

$-33.$ Analyzing Financial Statement Effects of Bond Redemption

Using the information from M$9-32,$ complete the following.

a$.$ Prepare journal entries to record the issue and retirement of these bonds. $($Assume the June interest expense has already been recorded.$)$

b$.$ Post the journal entries to their respective T$-$accounts.