On January 1, 2019, Shay Company issues $380,000 of 9%, 15-year bonds. The bon 2025, Shay retires these bonds by buying them on the open market for $399,950. December 31, 2024, the day before the purchase. The straight-line method is used 1. What is the amount of the discount on the bonds at issuance? 2. How much amortization of the discount is recorded on the bonds for the entire p 2024? 3. What is the carrying (book) value of the bonds as of the close of business on Dec 4. Prepare the journal entry to record the bond retirement. Complete this question by entering your answers in the tabs below. Red 1 and 2 Reg 3 Reg 4 1. What is the amount of the discount on the bonds at issuance? 2. How much amortization of the discount is recorded on the bonds for the entire per December 31, 2024? 1. Amount of discount Amortization of discount 2. 00 of 9%, 15-year bonds. The bonds sell for $369,550. Six years later, on January 1, n the open market for $399,950. All interest is accounted for and paid through The straight-line method is used to amortize any bond discount. Is at issuance? rded on the bonds for the entire period from January 1, 2019, through December 31, as of the close of business on December 31, 2024? etirement. swers in the tabs below. ds at issuance? rded on the bonds for the entire period from January 1, 2019, through Req3 > 1 and 2 December 31, 2024, the day before the purchase. The 1. What is the amount of the discount on the bonds at 2. How much amortization of the discount is recorded 2024? 3. What is the carrying (book) value of the bonds as of 4. Prepare the journal entry to record the bond retiren Complete this question by entering your answers Req 1 and 2 Req 3 Reg 4 What is the carrying (book) value of the bonds as of the Bonds Par value Remaining discount Carrying value $ 0 1 Prepare the journal entry to recor the bond retirement. Note: Enter debits before credits. Debit Credit General Journal Date January 01 View general journal Record entry Clear entry