Premium Amortization and Partial Retirement Instructions Chart of Accounts General Journal Instructions Rockwood Company issued $400,000 of 11% bonds on November 1, 2019, at 102. Interest on the bonds is payable on November 1 and May 1 of each year, and the maturity date is November 1, 2029. Rockwood retired bonds with a face value of $80,000 on February 1, 2021, at 98 plus accrued interest. Rockwood uses straight-line amortization and reverses any calendar year-end adjusting entries. Required: 1. Prepare the journal entry to record the issuance of the bonds on November 1, 2019. 2. Prepare all the journal entries to record the interest expense during 2020. 3. Prepare the journal entries to record the retirement of $80,000 of the bonds on February 1, 2021