Page 1 Chapter 11 and Appendix D -Review On August 1, 2010, Rockwell Co. issued $2,000,000 of 20-year, 15% bonds, dated August 1, 2010 for $1,760,000. Interest is payable semiannually on February 1 and August 1. Present the entries to record the following transactions: 1. Issuance of the bonds. Accrual of interest and amortization of bond discount at December 31, 2010, using the straight-line method. Payment of interest and amortization of bond discount. Redeemed (or retired) the bonds at 99 on August 1,2021 (a) (b) (c) (d)