Homework: Chapter 9 Graded Homework S: Score: 0 of 4 pts 8 of 10 (7 complete) HW Score: 59.56%, 14.89 of 25 E9-19A (similar to) Question Holp 7 On January 1, 2017, Bronson Corporation issued discounts using the straight-line method. On Ded nd pay interest on January 1 and July 1. Bronson amortizes bond The company's fiscal year ends on December 31 Requirements Read the requirements Requirement 1. Joumalize the issuance of the umal entries.) Jourt Date Accounts 2017 Jan 1 1. Joumalize the issuance of the bonds on January 1, 2017. 2. Record the serniannual interest payment and arorlization of band discount on July 1, 2017 3. Record the interest accrual and discount amortization on December 31, 2017 4. Calculate the carrying value of the bonds payable on December 31, 2019, prior to their retirement. 5. Calculate the gain or loss on the retirement of the bonds payable on December 31, 2019. Indicate where this gain or loss will appear in the financial statements Print Donc Choose from any list or enter any number in the input fields and then click Check Answer. Homework: Chapter 9 Graded Homework Save Score: 0 of 4 pts 8 of 10 (7 completo) HW Score: 59.56%, 14.89 of 25 pts E9-19A (similar to) Question Help On January 1, 2017. Bronson Corporation issued five year, 6% bonds payable with a face value of $2.000.000. The bonds were issued at 86 and pay interest on January 1 and July 1. Bronson amortizes bond discounts using the straight-line method On December 31, 2019, Bronson retired the bonds early by purchasing them at a market price of 90. The company's fiscal year ends on December 31. Read the tequirements. Requirement 1. Journalize the issuance of the bonds on January 1, 2017. (Record debils first, then credils. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit 2017 Jan 1