- Bradley, Inc. issued $100,000, 10-year, 10% bonds on January 1, 2017 for $112,000. Boston uses the straight-line method of amortization of the premium. On April 1, 2020, Boston reacquired the bonds for retirement when they were selling for 102 on the open market. Required: Prepare the journal entries to record the retirement of the bonds, including the accrual of interest since the last payment and amortization of the premium