eBook Show Me How Entries for Bonds Payable, including bond redemption The following transactions were completed by Montague Inc., whose fiscal year is the calendar year: 2011 July 1. Issued $55,000,000 of 10-year 9% callable bonds dated July 1, 2011, at a market (effective) rate of 7%, receiving cash o Interest is payable semiannually on December 31 and June 30. Dec. 31. Paid the semiannual interest on the bonds. The bond discount amortization of $390,852 is combined with the semiannual payment 2012 June 30. Pald the semiannual interest on the bonds. The band discount amortization of $390,852 is combined with the semiannual payment Dec. 31. Paid the semiannual interest on the bonds. The bond discount amortization of $390,852 is combined with the semiannual payment. 2013 June 30. Recorded the redemption of the bonds, which were called at 103. The balance in the bond premium account is 56,253,633 of interest and amortization of premium have been recorded. (Record the redemption only) 1. Journalize the entries to record the foregoing transactions. If an amount box does not require an entry, leave it blank. When required, round amounts to the nearest dollar 2011 July 1 Dec. 31 Check My Work 2 more Check My Work uses remaining Previous Email Instructor Save and Est Submit Assignment for Grading eBook Show Me How 1. Journalize the entries to record the foregoing transactions. If an amount box does not require an entry, leave it blank. When required, round amounts to the nearest dollar 2011 July 1 Dec. 31 > > 2012 June 30 01 III III III III III III III IIII Dec. 3: 2013 June 30 the amount the Land Check My Work 2 more Check My Worce remaining