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Connect Homework - Chapter 10 0 Saved Help Save & Exit Submit Exercise 10-10 Bond retirement by call option LO P4 Tyrell Company issued callable bonds with a par value of $28,000. The call option requires Tyrell to pay a call premium of $500 plus par (or a total of $28,500) to bondholders to retire the bonds. On July 1, Tyrell exercises the call option. The call option is exercised after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds under each separate situation, points Skipped 1. The bonds have a carrying value of $22,500. 2. The bonds have a carrying value of $29,000. eBook View transaction list Print References Journal entry worksheet (1) 2 Record the retirement of the bonds assuming the bonds have a carrying value of $22,500. Note: Enter debits before credits. Date General Journal Debit Credit July 01 Connect Homework - Chapter 10 Saved Help Save & Exit Submit View transaction list Journal entry worksheet points Record the retirement of the bonds assuming the bonds have a carrying value of $22,500. Skipped Note: Enter debits before credits. eBook Print Date General Journal Debit Credit July 01 References Record entry Clear entry View general ournal Connect Homework - Chapter 10 Help Save & Exit Submit View transaction list Journal entry worksheet