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Please i need help !! On January 1,2020, Draydon Corporation issued flve-year, 12% bonds payable with a face value of $2.700.000. The bonds were issued

Please i need help !!
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On January 1,2020, Draydon Corporation issued flve-year, 12% bonds payable with a face value of $2.700.000. The bonds were issued at 91 and pay interest on January 1 and July 4 . Draydon amortizes, bond discounts using the straight fine method On December 31,2022,0 aydon refired the bond early by purchasing them at a market price of 94 . The company's fiscal year ends on Docamber 31 . Read thi Requirement 2. Record the semiannual interest payment and amortization of bond discount on July 1, 2020. (Record debits first, than credits, Excli explanations from any joumal entres ) Requirements 1. Journalize the issuance of the bonds on January 1,2020. 2. Record the semiannual interest payment and amortization of bond discount on July 1, 2020. 3. Record the interest accrual and discount amortization on December 31, 2020. 4. Calculate the carrying value of the bonds payable on December 31, 2022 , prior to their retirement. 5. Calculate the gain or loss on the retirement of the bonds payable on December 31, 2022. Indicate where this gain or loss will appear in the financial statements

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