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need help 3.54595 3.46511 4.32948 5.07569 4.91732 5.78637 3.03735 3.60478 4.21236 3.79079 4.35526 4.86842 5.97130 5.33493 5.75902 6.14457 4.76654 5.38929 5.58238 7.10782 7.36009 7.02358 On

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3.54595 3.46511 4.32948 5.07569 4.91732 5.78637 3.03735 3.60478 4.21236 3.79079 4.35526 4.86842 5.97130 5.33493 5.75902 6.14457 4.76654 5.38929 5.58238 7.10782 7.36009 7.02358 On the first day of the fiscal year, a company issues a SSOO,000, 6%, 5 year bond that pays semi-annual interest of $24,000 (S 800,000 x 6% x 1/2), receiving cash of $690,960. Journalize the entry to record the first interest payment and the amortization of the related bond discount. 3. A $500,000 bond issue on which there is an unamortized discount of $30,000 is redeemed for $475,000. Journalize the redemption of the bonds. 4

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