Journal Entries, Year 2 You have been asked to continue your work on the SpringFit Corporation audit. The journal entries for the current year are shown as follows: Date Description Jun. 30 Interest Expense Premium on Bonds Payable Cash Journal Debit Credit 19,397 3,103 22,500 30 Interest Expense 37,403 Discount on Bonds Payable Cash 5,903 31,500 30 Bonds Payable 1,800,000 Gain on Redemption of Bonds 41,000 Discount on Bonds Payable 59,030 Cashi 1,699,970 Dec. 31 Interest Expense 19,397 Premium on Bonds Payable 3,103 Cash 22,500 31 Retained Earnings 76,197 Interest Expense 76,19 31 Bonds Payable 500,000 Premium on Bonds Payable 24,824 Loss on Redemption of Bonds 20,600 Cash 545,424 Final Questions