On August 1 20X6, SimcoCorp issued bonds with the following characteristics. 60,000 face value a b. d e f 10% nominal rate 14% yield rate Interest dates are 1 February, 1 May, 1 August, 1 November. Bond date is 31 October 20X5 Maturity date is 1 November 20X10 Provide all entries required for the bond issue through 1 February 20X7 using the effective interest method. The company has a December 31 Year End On June 1 20XS, Simco retired $30,000 of bonds at 98 through an open market purchase. Provide the entries to update the bond accounts in 20XS (entries have been completed through 1 May 20XS) for this portion of the bond and to retire the bonds. Provide the entries required on 1 August 20X8. A