Eastview Magazine issued $$690,000$ of $15-$year, $6\%$ callable bonds payable on July $31,2024,$ at $99.$ On July $31,2027,$ Eastview called the bonds at $101.$ Assume annual interest payments.

Requirements

Without making journal entries, compute the carrying amount of the bonds payable at July $31,2027.$

Assume all amortization has been recorded properly, Journalize the retirement of the bonds on July $31,2027.$ No explanation is required.

First, complete the sentence below.

The carrying amount of the bonds payable at issuance. $($July $31,2024)$ is

issuance amounts to $$6,900$

The carrying amount of the bonds payable at July $31,2027$ is

Requirement $2.$ Assume all amortization has been recorded properly. Journalize the retirement of the bonds on July $31,2027.$ No explanation is required. $($Record debits first, then credits. Exclude explanations from any journal entries.$)$

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[2027,,690,000,],[$Jul$.31,$Bonds Payable,$],[$Loss on Retirement of Bonds Payable,$],[$Discount on Bonds Payable,,$],[,,6900]]$