Recording the Refunding of Long-Term Debt On January 1, 2020, Rocket Corporation issued $225,000 of 6%, 20-year bonds at 98. The interest is payable each December 31. Rocket uses straight-line amortization. The company's accounting period ends December 31. On January 1, 2029, Rocket issued $225,000, 5% 20-year, refunding bonds at par. On this date, the old 6% bonds could be purchased in the open market at 102. Rocket immediately purchased all of the 6% bonds. Required a. Provide the entry for issuance of the 6% bonds on January 1, 2020. b. Provide the entry for issuance of the 5% bonds on January 1, 2029. C. Provide the entry to record the extinguishment of the old bonds on January 1, 2029. Note: List multiple debits or credits (when applicable) in alphabetical order. Date Account Name Dr. Cr. a. Jan. 1, 2020 0 0 0 0 0 0 b. Jan. 1, 2029 0 0 0 0 c. Jan 1, 2029 0 0 0 0 0 0 0 0