The following major transactions pertain to the long-term bonds of Jenn Co.

On April 1, year 1, Jenn issued $1,200,000, 9% bonds initially dated January 1, year 1, for $1,388,816, including accrued interest to yield 7%. Interest is payable annually on December 31. On July 1, year 3, Jenn retired $400,000 of the bonds at 102 plus accrued interest. Jenn uses effective-interest amortization.

1. Record the issuance of the bonds in Jenns General Journal on April 1, year 1, including a brief explanation.

2. Prepare an amortization schedule for the bonds until December 31, year 3.

3. Record the payment of interest in Jenns General Journal for all of the bonds on December 31, year 1, including a brief explanation.

4. Record the payment of interest in Jenns General Journal for the retired bonds on July 1, year 3, including a brief explanation.

5. Record the retirement of the bonds in Jenns General Journal on July 1, year 3, including a brief explanation.