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please explain. ive already had an incorrect answer from chegg on this question. due tonight. Retirement of Debt Moore Company is preparing its statement of

please explain. ive already had an incorrect answer from chegg on this question. due tonight. image text in transcribed
Retirement of Debt Moore Company is preparing its statement of cash flows for the current year. During the year, the company rebired two issuances of debr and properly recorded the transactions. These transactions were as follows: 1. Paid cash of $18,000 to retire bonds payable with a face value of $20,000 and a book value of $18,300. 2. Paid cash of $38,000 to retire bonds payable with a face value of $35,000 and a book value of $37,000. Required: Record, in journal entry form, the entries that Moore would make for the preceding transactions on its spreadsheet to prepare its staternent of cash flows. if an amount box does not require an entry, leave it blank

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