Excalibur Incorporated issued $$170,000$ of $5\%,$ four$-$year bonds on January $1.$ The bonds pay

interest semiannually on June $30$ and December $31.$ They were issued at par value.

Prepare the journal entry the Corporation will record on their books if they repurchase the bonds on

January $1$ two years later at $101\%$ after the semi$-$annual interest payment was made. $($Hint: use the

Account List $-$ click to pop open to help you with your journal entries$)$