Lakeside Magazine issued $630,000 of 15-year, 5% callable bonds payable on July 31, 2018 at 95. On July 31, 2021 Lakeside called the bonds at 101. Assume annual interest payments. Requirements 1. Without making journal entries, compute the carrying amount of the bonds payable at July 31, 2021 2. Assume all amortization has been recorded properly. Journalize the retirement of the bonds on July 31, 2021. No explanation is required Requirement 1. Without making journal entries, compute the carrying amount of the bonds payable at July 31, 2021 (Assume bonds payable are amortized using the straight-line amortization method.) First, complete the sentence below. The carrying amount of the bonds payable at issuance (July 31, 2018) is issuance amounts to The on the bonds at The carrying amount of the bonds payable at July 31, 2021 is Requirement 2. Assume all amortization has been recorded properly. Journalize the retirement of the bonds on July 31 2021 No explanation is required (Record debits first, then credits. Exclude explanations from any journal entries Check your spelling carefully and do not abbreviate.) Debit Credit 2021 Date Accounts Jul 31