On January 1, 2019, Shay Company issues $700.000 of 10%, 15 year bonds. The bonds sell for $684.250. Six years later, on January 1, ... 2925. Shay retires these bonds by buying them on the open market for $731,500. All interest is accounted for and paid through December 31, 2024. the day before the purchase. The straight line method is used to amortize any bond discount. 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 period from January 1, 2019, through December 31. 3. What is the carrying (book) value of the bonds as of the close of business on December 31, 2024? 4. Prepare the journal entry to record the bond retirement 2024? Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 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 period from January 1, 2019, through December 31, 20242 Amount of discount 2 Amortization of discount GER Reg 3 > to search o 0 C ED L 51% Disc & 7 5 6 00 9 0 6 7.69 points On January 1, 2019. Shay Company issues $700.000 of 10%, 15-year bonds. The bonds sellfo 2025. Shay retires these bonds by buying them on the open market for $731,500. All interest December 31, 2024, the day before the purchase. The straight-line method is used to amortiz 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 period from 2024? 3. What is the carrying (book) value of the bonds as of the close of business on December 31 4. Prepare the journal entry to record the bond retirement. Book Hint Rotences Complete this question by entering your answers in the tabs below. Reg 1 and 2 Red Reg 4 What is the carrying (book) value of the bonds as of the close of business on December 31, 2024? Bonda Par value Remaining discount Carrying value ME Gaw Prepare the journal entry to record the bond retirement Note: Enter debits before credits General Joumal Debit Credit Date January 01 Record entry Clear entry View general journal ere to search C LO % 5 & 7 3 6 8