Universal Maintenance Co. issues $700,000 of 9.50% bonds on July 1, 2020. Additional information on the bond issue is as follows:

Bond date		January 1, 2020
Maturity date		January 1, 2030
Yield rate		15%
Interest payment dates		June 30, December 31

Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). Please make sure your final answer(s) are accurate to 2 decimal places.

b) On November 1, 2025, the company called and cancelled 30% of the bonds for the market price of 101 plus accrued interest. Record the entry for the sale of the bond. (Note: interest was paid on June 30, 2025) .