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PLEASE SHOW ALL WORK On January 1, 2021, Suny Company issued $750,000, 18 year, 9% annual, callable bonds for 97%. On December 31, 2025 Suny

PLEASE SHOW ALL WORK

On January 1, 2021, Suny Company issued $750,000, 18 year, 9% annual, callable bonds for 97%. On December 31, 2025 Suny Company redeemed (called) the bonds at 103.

1. Prepare the journal entry to record the issuance of the bond.

2. Determine the amount of the discount/premium that is still not amortized (using the straight-line method)

3. Prepare the journal entry to record the retirement (redemption) of the bond.

PLEASE SHOW ALL WORK

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