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answer all parts 3. On December 31, 2020 Valley called and retired the outstanding bonds at 98. Make the journal entry to record the retirement

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3. On December 31, 2020 Valley called and retired the outstanding bonds at 98. Make the journal entry to record the retirement of the bonds 8year bonds for face value on April 1 2016 stead of on January 1, 2016. Mabapays interest on lanuary 1 Mahba Corporation sold $100,000 of 5% B 1 and July 1 each year a. Prepare the journal entries to record the sale of the bonds on April 1, 2016 b. Prepare the journal entry to record the first semi-annual interest payment on July 1, 2016 d interest expense in T account form on July 1, 2016 28

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