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Cupola Fan Corporation Issued 10%, $400,000, 10-year bonds for $385,000 on June 30, 2021. Debt issue costs were $1.500. Interest is pald semiannually on December

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Cupola Fan Corporation Issued 10%, $400,000, 10-year bonds for $385,000 on June 30, 2021. Debt issue costs were $1.500. Interest is pald semiannually on December 31 and June 30. One year from the issue date (July 1, 2022), the corporation exercised its call privilege and retired the bonds for $395,000. The corporation uses the straight-line method both to determine Interest expense and to amortize debt issue costs Required: 1. to 4. Prepare the journal entries to record the issuance of the bonds, the payment of interest and amortization of debt Issue costs on December 31, 2021 8 June 30, 2022 and the call of the bonds. Of no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Vlow transaction in Journal entry worksheet 2 3 Record the issuance of the bonds. Notenter det bare eredits Date June 30, 2021 General Journal Debit Credit Record entry Clearby Vouwwonal Cupola Fan Corporation issued 10%, $400.000, 10 year bonds for $385,000 on June 30, 2021. Debt Issue costs were $1,500. Interest Is pald semiannually on December 31 and June 30. One year from the issue date (July 1, 2022), the corporation exercised its call privilege and retired the bonds for $395,000. The corporation uses the straight-line method both to determine Interest expense and to amortize debt Issue costs Required: 1. to 4. Prepare the journal entries to record the issuance of the bonds, the payment of interest and amortization of debt issue costs on December 31, 2021 & June 30, 2022 and the call of the bonds. If no entry is required for a transaction/event, select "No journal entry required" in the first account field) View transaction lit Journal entry worksheet

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