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San Jesti Seaview Magazine issued 5660,000 of 15-year, 5% callable bonds payable on July 31, 2018 at 99. On July 31, 2021, Seaview called the bonds at 103. Assume annual interest payments Requirements 1. Without making journal entries, compute the carrying amount of the bonds payable at July 31, 2021 2. Assume all amortization has been recorded properly. Journalize the retirement of the bonds on July 31, 2021. No explanation is required. Requirement 1. Without making journal entries, compute the carrying amount of the bonds payable at July 31, 2021. (Assume bonds payable are amortized using the straight-ine amortization method.) First, complete the sentence below S 653,400' The discount on the bonds at The carrying amount of the bonds payable at issuance (July 31, 2018) is issuance amounts to $ 6600 The carrying amount of the bonds payable at July 31, 2021 is S654.720 Requirement 2. Assume all amortization has been recorded properly. Journalize the retirement of the bonds on July 31, 2021. No explanation is required. (Record debits first, then credits. Exclude explanations from any journal entries.) Seaview Magazine issued 5660,000 of 15-year, 5% callable bonds payable on July 31, 2018 at 99. On July 31, 2021. Seaview called the bonds at 103. Assume annual interest payments. Requirements 1. Without making journal entries, compute the carrying amount of the bonds payable at July 31, 2021 2. Assume all amortization has been recorded properly. Journalize the retirement of the bonds on July 31, 2021. No explanation is required The carrying amount of the bonds payable at July 31, 2021 is $ 654.720 Accounts Requirement 2. Assume all amortization has been recorded properly. Journalize the retirement of the bonds on July 31, 2021. No explanation is required Record debits first, then credits. Exclude explanations from any journal entries.) Date Debit Credit 2021 Jul. 31 Bonds Payable 660.000 Loss on Retirement of Bonds Payable 25.080 Cash 679,800 Discount on Bonds Payable 5,280 Move your pointer over or tap on the cells with red arrows to see incorrect answers