Right Attorney For You, a law firm, sells $12,000,000 of six-year, 6% bonds priced to yield 4.8%. The bonds are dated January 1, 2018, but due to some regulatory hurdles are not issued until May 1, 2018. Interest is payable on January 1 and July 1 each year. The bonds sell for $12,743,051 plus accrued interest. In mid-June, Right Attorney For You earns an unusually large fee of $16,000,000 for one of its cases. They use part of the proceeds to buy back the bonds in the open market on July 1, 2018, after the interest payment has been made. Right Attorney For You pays a total of $12,815,997 to reacquire the bonds and retires them. Read the requirements. a. Prepare the journal entry to record the issuance of the bonds on May 1, 2018-assume that Right Attorney For You has adopted a policy of crediting interest expense for the accrued interest on the date of sale. Requirement Requirement Prepare journal entries to record: a. the issuance of the bondsassume that Right Attorney For You has adopted a policy of crediting interest expense for the accrued interest on the date of sale. b. payment of interest and related amortization on July 1, 2018. c. reacquisition and retirement of the bonds. (Round all currency amounts to the nearest whole dollar. Record debits first, then credits. Explanations are not required.)