ACC12 Hw 4 Ch15 S-2018Prof.Ren 18 On January 1, 2017, Meeks Corporation issued $5,000,000, 10-year, 4% bonds at 102 . The jounal entry to record this transaction on Interest is payable annually on January 1, 2017 is: anuary 19. King Company issued bonds with a face amount of $1,600,000 in 2012. As of January 1, 2017, the balance in Discount on Bonds Payable is $4,800. At that time, King redeemed the bonds at 102 Assuming that no interest is payable, make the entry to record the redemption