36) The retained earnings of a corporation is A) internally generated equity that is received from employee stock purchases B) externally generated equity that is acquired from banks and other creditors C) externally generated equity that is contributed by shareholders D) internally generated equity that is eamed by profitable operations that is not distributed to stockholders AY. Write your answer in the space provided or on a separate sheet of paper. 42) England Corporation issued a $400,000,5.5%, 10-year bonds payable at 101 on January 1, 2009. The bonds are retired on January 1,2019 . Prepare the joumal entries on the date of issuance and at the date of retirement. Omit explanations