Tursday & Truch Anancial decrmons P14-16 - Debt issue costs and early extinguishment-HW for next class Review 9/12 - On June 30, 2021, Adam's Apples issued 10%. $400.000 10 vear bonds for $385,000, and a issue costs were $1,500. Adam pays interest semiannually on December 31 and June 30 and uses the strang sine method both to determine interest expense and to amortize debt issue costs. One year from the issue date (July 1, 2022), the corporation exercised its call privilege and retired the bonds for $395,000. Prepare the journal entry to record the issuance of the bonds, the payment of interest and amortization of de issue costs on December 31, 2021 & 2022, and the call of the bonds. Issuance - 6/30/21 fonds Payalle 90000 biscount on BP 2560 Caush 38 5600 Interest - 12/31/21 Interest - 6/30/22 Call bonds - 7/1/22 P14-16 - Debt issue costs and early extinguishment IFRS-HW for next class Same problem, presume Adam uses IFRS Issuance - 6/30/20 Interest - 12/31/20 Interest - 6/30/21 Call bonds - 7/1/21