E15-13 LRNA Ltd. issued $380,000, 7%, 10-year bonds on January 1, 2020, for $407,968. The effective-interest rate is 6% of bonds. Interest is payable annually on January 1. LRNA uses the straight-line method to amortize bond premium or discount. Instruction: Journalize the issuance of bonds. Calculate the bond premium or discount. Calculate the premium or discount amortization per period. . 9 9 Compute the amount of interest paid per period. Compute the total interest paid and the cost of borrowing. Journalize the accrual of interest on December 31 Journalize the payment of interest on January 1. Calculate the bond carrying value on January 1, 2025 and January 1, 2027. Journalize the redemption of bonds at maturity. Assume the company redeemed bonds at 101 on January 1, 2027 (after paying interest). What is the journal entry to record the redemption of bonds on January 1, 2027.