Current Attempt in Progress Prepare journal entries to record the following transactions relating to long-term bonds of Vaughn Manufacturing (a) Your answer has been saved. See score details after the due date. On June 1, 2020, Vaughn Manufacturing issued $8,480,000, 6% bonds for $8,311,460, which includes accrued interest. Interest is payable semiannually on February 1 and August 1 with the bonds maturing on February 1, 2030. The bonds are callable at 102. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit June 1 Cash 8311460 Discount on Bonds Payable 338140 Bonds Payable 8480000 Interest Expense 169600 Attempts: 1 of 1 used (b) Your answer has been saved. See score details after the due date. On August 1, 2020, Vaughn paid interest on the bonds and recorded amortization. Vaughn uses straight-line amortization. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Aug. 1 Interest Expense 260230 Cash 254400 Discount on Bonds Payable 5830 Attempts: 1 of 1 used (c) On February 1, 2022, Vaughn paid interest and recorded amortization on all of the bonds, and purchased $5,300,000 of the bonds at the call price. Assume that a reversing entry was made on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Feb. 1 (To record interest and amortization on the bonds) Feb. 1 (To record purchase of bonds)