Bond Issue B (A) Cash Interest (B) Period Interest Expense Paid $490,000.0 (E) 7.5% (C) Amort. (D) Unamortized Period Ending 7.0% 3/12 3/12 - (A) (B) Balance Apr. 1/18 $17,128 (E) Carrying Value $490,000 (D) $ 472,872 Jul. 1/18 $ 8,575 : $ 8,866 $ 291 16,837 473,163 Apr. 1/26 8,575 9,093 518 4,511 485,489 Jul. 1/26 8,575 9,103 528 3,983 486,017 Oct. 1/26 8,575 9,113 538 3,445 486,555 Jan. 1/27 8,575 9,123 548 2,897 487,103 Apr. 1/27 8,575 9,133 558 2,339 487,661 Jul. 1/27 8,575 9,144 569 1,770 488,230 Oct. 1/27 8,575 9,154 579 1,191 488,809 Jan. 1/28 8,575 9,165 590 601 489,399 Apr. 1/28 8,575 9,176* 601 0 490,000 Totals $ 343,000 $ 360,128 $17,128 - h. Independent of (a) through (g), assume that bond B issues was retired on December 1, 2027, at 97. Record the entries. View transaction list Journal entry worksheet 1 2 Record the interest paid on bonds. Note: Enter debits before credits. Date General Journal Debit Credit 6,110 December 01, 2027 Bond interest expense Discount on bonds payable Cash h. Independent of (a) through (g), assume that bond B issues was retired on December 1, 2027, at 97. Record the entries. View transaction list Journal entry worksheet < 1 2 Record the retired bonds. Note: Enter debits before credits. Date General Journal Debit Credit 490,000 December 01, 2027 Bonds payable Discount on bonds payable Cash Gain on retirement of bonds 798 >