On December 31 20*0 , the Finaudi Corporation issues $4, 000,090 of 5 % . bonds . Thebonds are due on December 31 20* 12 and were issued to yield 4 8% . The bonds payinterest semi - annually on June 30 and December 31 Bond issue costs of $46 , 500 wereRequiredPrepare all journal entries relative to this bond issue for the years endedDecember 31 20*0 and December 31 20xAssume that on July 2 20*8 , Einaudi repurchases 40% of the bond issue at 105Prepare the journal entry on July 2 20*8 Also prepare the journal entry onDecember 31 , 20 * 8