Brimstone Company issued 5670,200 par value. 5 year, 2% bonds on April 30, 2018 The bonds are dated January 1, 2018, and pay interest semiannually on June 30 and December 31. The bonds are sold at $673,668, including accrued interest, because they are sold between interest datos Requirement Prepare the journal entries required to issue the bands on April 30, 2018 and record the first interest payment on June 30, 2018. The market rate of interest on the date of sale of the bonds was 3% Prepare the journal entry required to issue the bonds on April 30 2018 (Record debits tirot, then credits Exclude explanation from any journal entries Round Intermediary calculations and your final answers to the nearest whole dollar) Account April 30, 2018 Cash Discount on Bonds Payable Bonds Payable Interest Payable RI Pi On January 1, Ted Manufacturing issued 54,900,000 par value 6% 5 year bonds di (1.o., there were 4.900 of 51,000 par value bonds in the sisue). Interest is payable semiannually each January 1 and July 1 with the first interest payment due at the end of the period on July 1. The market rate of interest was 8% on the date that P: Ted issued the bonds Ted retired the bonds at $4,500,000 with an open market purchase at the end of the first year. Prepare the journal entry to record the derecognition of the obligation Ted uses the effective interest rate method (Usa the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, XXXXXX Round all intermediary and final answers to the nearest whole dollar Record debits first then credits: Exclude explanations from any joomal entries) (Click the icon to view the Future Value of $1 table) (Click the con to view the Future Value of an ordinary Annuity table (Click the icon to view the Future Value of an Annuity Due table) Click the icon to view the Present Value of $1 table> (Click the icon to view the Present Value of an Ordinary Annuity table Click the icon to view the Present Value of an Annully Dustable Retirement Date December 31 Account