Assume the same facts as in #12 (above). Record the journal entry for the sale of the bonds. (note: the amortized cost of the bonds at July 1^st is $380,685

Amortization schedule for Problems #6-7:

Date	Cash received	Interest revenue	Bond Discount Amortization	Carrying Amount of Bonds
	$0	$0	$0	$359,118
7/1/2011	$16,000	$17,956	$1,956	$361,074
12/31/2011	$16,000	$18,054	$2,054	$363,128
7/1/2012	$16,000	$18,156	$2,156	$365,284
12/31/2012	$16,000	$18,264	$2,264	$367,548
7/1/2013	$16,000	$18,377	$2,377	$369,926
12/31/2013	$16,000	$18,496	$2,496	$372,422
7/1/2014	$16,000	$18,621	$2,621	$375,043
12/31/2014	$16,000	$18,752	$2,752	$377,795
7/1/2015	$16,000	$18,890	$2,890	$380,685
12/31/2015	$16,000	$19,034	$3,035	$383,721
	$160,000	$184,601	$24,602