Mahalo Boat Adventure Inc. has a July 31 year-end. It showed the following partial amortization schedules regarding two bond issues: Bond Issue A (A) Cash Interest Paid $620,000 8.0% * 6/12 (B) Period Interest Expense (E) X 7.0% * 6/12 (C) Amort. (A) (B) (D) Unamortized Balance $ 40,888 39,219 $ 24,800 $ 23,131 $ 1,669 Period Ending June 1/20 Dec. 1/20 : Dec. 1/26 June 1/27 Dec. 1/27 June 1/28 Dec. 1/28 June 1/29 (E) Carrying Value $620,000 + (D) $ 660,888 659, 219 : 633,996 631,386 628,685 625,889 622,995 620,000 24,800 24,800 24,800 24,800 24,800 24,800 $ 446,400 22,278 22,190 22,099 22,004 21,906 21,805 $ 405,512 2,522 2,610 2,701 2,796 2,894 2,995 $40,888 13,996 11,386 8,685 5,889 2,995 0 Totals *Adjusted for rounding h. Independent of (a) through (g), assume bond A issues were retired on December 1, 2027, at 97. Record the entries View transaction list Journal entry worksheet 1 2 > Record the payment of interest on bonds. Note: Enter debits before credits. Date General Journal Debit Credit December 01, 2027 Bond interest expense Premium on bonds payable Interest payable Cash 24,800 Record entry Clear entry View general journal