On January 2 hnovathe Solutions, Incorporated, issued $230,000 in bonds of face value. The bonds have a stated interest rate of 5 percent. The bonds mature in 10 years and pay interest ence per year on December 31. Requlied: 1, 2 \& 3. Prepare the required journal entries to record the bond issuance, interest payment on December 31 , early recirement of the bonds. Assume the bonds were retired immediately after the first interest payment at a quoted price of 101 . of no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field.) On January q innovative Solutions, incorporated, issued $230,000 in bonds as face value. The bonds heve a stated interest rate of 6 percent. The bonds mature in 10 years and pay interest once per year on December 31 . Required: 1, 2 \& 3. Prepare the required journal entiles to record the bond issuance, interest payment on December 3t, eacly refirement of the bonds. Assume the bonds were retired inmediately after the first interest payment at a quoted price of tot, of no entry is required for a transaction/event, select "No Joumal Entry Pequired" in the first account field.) Journal entry worksheet Recerd the retirement of the bends at s quoted price of 101 On January t, Innovetive Solutions, incorporated, issued 5230,000 in bonds at face value. The bonds have a stated interest rate of 6 percent. The bonds mature in 10 years and pay interest once per year on December 3t. Aequired: 1,28 3. Prepare the required journal entries to record the bond issuance, interest payment on December 3t, earfy retirement of the bonds. Assume the bonds were retired immedietely after the first interest poyment at a quoted price of 10t. of no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account fleids. Journal entry worksheet Record the issuance of bonds of $230,000 at face value