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Top-Loading Tyler's Video Emporium sells classic 1980's movies in the vintage VHS tape format. On January 1, 2012, Top-Loading Tyler's Video Emporium issued bonds at

Top-Loading Tyler's Video Emporium sells classic 1980's movies in the vintage VHS tape format. On January 1, 2012, Top-Loading Tyler's Video Emporium issued bonds at par with a total face value of $345,600 and an interest rate of 9%. Record the issue of the bond, compute yearly interest and prepare the necessary adjusting entries. On October 31, 2013, the company retired the bond early by paying $287,900. Record the retirement of the bond.

What is the amount of interest on the bond in 2013?

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