Bonds with Annual Interest Payments Kwi Corporation issued at par $350,000, 8\% bonds on January 1, 2024, Interest is paid annually on December 31, The principal and the final interest payment are due on December 31, 2025, Required: 1. Prepare the entry to recognize the issuance of the bonds, If an amount box does not require an entry, leave it blank. 2024 Jan, 1 . Record issuance of bonds at par. 1. When bonds are issued, any premisim or discount is recorded in a separate valuation account: 2. Prepare the journal entry for December 31, 2024. If an amount box does not require an entry, leave it blank: 2024Dec.31 Record interest expense restad rehad thy wos 2. When calcutating interest, consider the principal, the anoul interest rate and the time period. 3. Prepare the foumal entry to record repayment of the princopl on December 31,2025 . If an amount bor does not requre an exery, leave as blask. 2025 bec 31 x x x x Recond reparyment of tand princhal