Carla Vista Electric Ltd. sold 7,080,000, 10%, 15-year bonds on January 1, 2020. The bonds were dated January 1, 2020, and paid interest on January 1. The bonds were sold at 98. Your answer is partially correct. Prepare the journal entry to record the Issuance of the bonds on January 1, 2020. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Jan. 1, 2020 Cash Bonds Payable At December 31, 2020, the amount of amortized bond discount is 9,440 Show the Statement of Financial Position presentation of the Non-current liability at December 31, 2020. (Enter account name only and do not provide descriptive information.) Carla Vista Electric Statement of Financial Position (Partial) December 31, 2020 Non-current Liabilities E On January 1, 2022, when the carrying value of the bonds was 6,957,280, the company redeemed the bonds at 102. Record the redemption of the bonds assuming that interest for the period has already been paid. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Jan. 1. 2022 Bonds Payable 6,957.280 Loss on Bond Redemption Cash