- ment 1. Journalize Requirements from any 1. Journalize the issuance of the bonds on January 1, 2017 2. Record the semiannual interest payment and amortization of bond discount on July 1, 2017 3. Record the interest accrual and discount amortization on December 31, 2017 4. Calculate the carrying value of the bonds payable on December 31, 2019, prior to their retirement 5. Calculate the gain or loss on the retirement of the bonds payable on December 31, 2019. Indicate where this gain or loss will appear in the financial statements On January 1, 2017, Draydon Corporation issued five-year, 10% bonds payable with a face value of $2,300,000. The bonds were issued at 89 and pay interest on January 1 and July 1. Draydon amortizes bond discounts using the straight-line method On December 31, 2019, Draydon retired the bonds early AC by purchasing them at a market price of 93. The company's fiscal year ends on December 31. Read the equirement urses se Opt Requirement 1. Journalizo the issuance of the bonds on January 1, 2017. (Record debits first, then credits. Exclude explanations from any journal entries.) Home Journal Entry Dato Accounts Debit Credit ments 2017 Jan 1 dar Plan