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please helpp Oceanview Magazine issued $300,000 of 15-year, 5% callable bonds payable on July 31, 2018, at 97. On July 31, 2021, Oceanview called the

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Oceanview Magazine issued $300,000 of 15-year, 5% callable bonds payable on July 31, 2018, at 97. On July 31, 2021, Oceanview called the bonds at 102 Assume annual interest payments. Requirements 1. Without making journal entries, compute the carrying amount of the bonds payable at July 31, 2021 2. Assume all amortization has been recorded properly. Journalize the retirement of the bonds on July 31, 2021. No explanation is required. Requirement 1. Without making journal entries, compute the carrying amount of the bonds payable at July 31, 2021. (Assume bonds payable are amortized using the straight-line amortization method.) First, complete the sentence below. 291,000. The discount on the bonds at The carrying amount of the bonds payable at issuance (July 31, 2018) is $ Issuance amounts to $ 9,000 The carrying amount of the bonds payable at July 31, 2021 is $ 292,800 Requirement 2. Assume all amortization has been recorded properly, Journalize the retirement of the bonds on July 31, 2021. No explanation is required. (Record debits first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit 2021 Jul. 31 300,000 Bonds Payable Loss on Retirement of Bonds Payable Discount on Bonds Payable Cash 306.000

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