Homework Long-term Liabilities The long-term liabilny section of Twin Digital Corporation's balance sheet as of December 31, 2020. Included 12% bonds having a face amount of $20 million and a remaining discount of $1 million Disclosure notes Indicate the bonds were issued to yield 14% Interest expense is recorded at the effective Interest rate and paid on January 1 and July 1 of each year. On July 1, 2021, Twin Digital retired the bonds at 102 ($20.4 million) before their scheduled maturity. Required: 1. & 2. Prepare the necessary journal entries for Twin Digital on July 1, 2021. (if no entry is required for a transaction/event, select "No Journal entry required in the first account field. Enter your answers in whole dollars.) View transaction let Journal entry worksheet ces 2 Record the semiannual interest Note: Enter debts before it General Journal Debit Credit July 09,2021 Record entry Clear entry View journal The long-term Itability section of Twin Digital Corporation's balance sheet as of December 31, 2020. Included 12% bonds having a face amount of $20 million and a remaining discount of $1 million Disclosure notes indicate the bonds were issued to yield 14% Interest expense is recorded at the effective interest rate and paid on January 1 and July 1 of each year. On July 1, 2021. Twin Digital retired the bonds at 102 ($20.4 million before their scheduled maturity, Required: 1. & 2. Prepare the necessary Journal entries for Twin Digital on July 1, 2021. Of no entry is required for a transaction/event, select "No journal entry requtred" in the first account field. Enter your answers in whole dollars.) View transaction et Journal entry worksheet 1 2 Record the redemption of the bonds Note: Inter his carecrets Date July 01, 2021 General Journal Debit Credit Racord entry Curenty View general Journal