Please help me

uestion 8 of 11 6.09 / 10 ew Policies how Attempt History urrent Attempt in Progress Your answer is partially correct. Selected transactions on the books of Ayayai Corporation follow: May 1, 2020 Bonds payable with a par value of $700,000, which are dated January 1, 2020, are sold at 107 plus accrued interest. They are coupon bonds, bear interest at 10% (payable annually at January 1). and mature on January 1. 2030. (Use ar Dec. 31 Adjusting entries are made to record the accrued interest on the bonds and the amortization of the proper amount o Jan. 1, 2021 Interest on the bonds is paid. April 1 Par value bonds of $420,000 are repurchased at 101 plus accrued interest and are retired. (Bond premium is to be ar Dec. 31 Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium amortize (a) Assume that Ayayai follows ASPE. Prepare the journal entries for the transactions above. (Round answers to O decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) te Account Titles and Explanation Debit Credit V Cash 772333 Bonds Payable 700000 Gain on Redemption of Bonds 72333 120 Interest Expense 70000 Interest Payable 7000 (To record accrued interest expense) (20 V Interest Expense 70000 Interest Payable 70000 (To amortize the premium) 21 V Bonds Payable Interest Expense 3376 V Interest Payable Cash 70000 To amortize the premium) Apr. 1, 2021 Bonds Payable 447119 Interest Expense 10500 Cash 433155 Gain on Redemption of Bonds 24464 To record reacquisition of bonds) (21 Interest Expense 28000 Interest Payable 28000 (To record accrued interest expense) (21 V Bonds Payable 3342 Interest Expense 3342 (To amortize the premium) eTextbook and Media List of Accounts Save for Later Attempts: 1 of 3 used Submit AnswerSelected transactions on the books of Ayayai Corporation follow: May 1, 2020 Bonds payable with a par value of $700,000, which are dated January 1, 2020, are sold at 107 plus accrued interest. They are coupon bonds, bear interest at 10% (payable annually at January 1), and mature on January 1, 2030. (Use ar Dec. 31 Adjusting entries are made to record the accrued interest on the bonds and the amortization of the proper amount 0 Jan. 1. 2021 Interest on the bonds is paid. April 1 Par value bonds of $420,000 are repurchased at 101 plus accrued interest and are retired. (Bond premium is to be ar Dec. 31 Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium amortize > I Your answer is partially correct. Selected transactions on the books of Ayayai Corporation follow: f $700,000, which are dated January 1, 2020, are sold at 107 plus accrued interest. erest at 10% (payable annually at January 1), and mature on January 1, 2030. (Use an interest expense account for accrued interest.) :ord the accrued interest on the bonds and the amortization of the proper amount of premium. (Use straight-line amortization.) repurchased at 101 plus accrued interest and are retired. (Bond premium is to be amortized only at the end of each year.) :ord the accrued interest on the bonds, and the proper amount of premium amortized.