Ex. 14-70 Entries for bonds payable Prepare journal entries to record the following transactions related to Chico Ltd.'s long-term bonds: On April 1, 2014, Chico issued $600,000, 9% bonds (dated January 1, 2014) for $645,442 including accrued interest. Interest is payable annually on January 1, and the bonds mature on January 1, 2024 b) On July 1, 2016, Chico retired 30% of the bonds at 102 plus accrued interest. Chico uses straight-line amortization