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Exercise 9-16 Record the retirement of bonds (LO9-7) [The following information applies to the questions displayed below. On January 1, 2018, Splash City issues $500,000

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Exercise 9-16 Record the retirement of bonds (LO9-7) [The following information applies to the questions displayed below. On January 1, 2018, Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 10% and the bonds issued at $457102

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