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KC Corporation issued bonds with a total par value of $100,000 on 1/1/201. The following loan amortization schedule was developed for these bonds:. Based upon

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KC Corporation issued bonds with a total par value of $100,000 on 1/1/201. The following loan amortization schedule was developed for these bonds:. Based upon the above information, Assume the bonds are refunded on January 1, 20x4. The new issue has a market value of 104 , Make the required journal entry to record the refunding. (You do not have to record interest expense or interest payable.)

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