E9-28B (similar to) E Question Help On January 1, 2017 Bronson Corporation issued five-year 2% bonds payable with a face value of $2,800,000. The bonds were issued at 85 and pay interest on January 1 and July 1. Bronson amortizes bond discounts using the straight line method On December 31, 2019, Bronson retired the bonds early by purchasing them at a market price of 93. The company's fiscal year ends on December 31 Read the requirements Requirement 1. Journalize the issuance of the bonds on January 1, 2017 (Record debits first then credits. Exclude elations and manage Requirements - X wer 1. Journalize the issuance of the bonds on January 1, 2017 2. Record the semiannual interest payment and amortization of bond discount on July 1, 2017 3. Record the interest accrual and discount amortization on December 31, 2017 4. Calculate the carrying value of the bonds payable on December 31, 2019 prior to their retirement 6. Calculate the gain or loss on the retirement of the bonds payable on December 31, 2019 Indicate where this gain or loss will appear in the financial statements e A a 009 Check Answer o E9-28B (similar to) Question Help On January 1, 2017. Bronson Corporation issued five-year, 2% bonds payable with a face value of $2,800,000. The bonds were issued at 85 and pay interest on January 1 and July 1. Bronson amortizes bond discounts using the straight-line method On December 31, 2019, Bronson retired the bonds early by purchasing them at a market price of 93. The company's fiscal year ends on December 31 Read the requirements Journal Entry Accounts Date Debit Credit 2017 Jan 1 Cash Bonds Payable Discount on Bonds Payable Interest Expense Choose from interest Payable Premium on Bonds Payable 4 remaining then click Check Answer. 4 parts Lear All Check Answer 212121212122