6% bonds payable are issued on 1/1/15 to yield 8% interest. Interest is paid semi annually on 1/1 & 6/30 these bonds can be redeemed any time after 6/30/16 @ 101. to take advantage of lower interest rates and to finance the redemption of 6% bonds, on 9/1/16 company issued 5% bonds on the face value of $100,000 to yield 6%. The maturity period of these 5% bonds is 10 years and interest is paid semiannually on 1/1 & 6/30. The proceeds from the issue of the Fa5% bonds are used to redeem the 6% bonds payable at 101 on 9/1/16. The carry amount of the bonds on the 12/31/15 balance sheet is 100,000, the unamortized discount on bonds payable is 6732.00, and the accrued interest on the 6% bonds payable is 3000.

I have to do the journal entries to record these transactions for 2016 and I am a bit confused as to whether I should be doing.

I have gotten this far:

Reacquistion Price (100,000 X 1.01) 101,000.

net carrying amount of bonds redeemed:

Face Value 100,000

Unamoritized discount (????)