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Cupola Fan Corporation issued 10%, $480,000, 10-year bonds for $468,000 on June 30, 2021. Debt issue costs were $2,300. Interest is paid semiannually on December

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Cupola Fan Corporation issued 10%, $480,000, 10-year bonds for $468,000 on June 30, 2021. Debt issue costs were $2,300. Interest is paid 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 $475,000. 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 entry 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 4 Record the issuance of the bonds. Not Enter debits before credit General Journal Cute June 30.2021 Debit Credit Record entry Clear entry View general journal

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