Westview Magazine issued $$300,000$ of $15-$year, $7\%$ callable bonds payable on July $31,2024,$ at $93.$ On July $31,2027,$ Westview called the bonds at $103.$ Assume annual interest payments.

Requirements

Without making journal entries, gsmpute the carrying amount of the bonds payable at July $31,2027.$

Assume all amortization has beetr recorded properly. Journalize the retirement of the bonds on July $31,2027.$ No explanation is required.

Requirement $1.$ Without making journal entries, compute the carrying amount of the bonds payable at July $31,2027.($Assume bonds payable are amortized using the straight$-$line amortization method.$)$

First, complete the sentence below.

The carrying amount of the bonds payable at issuance $($July $31,2024)$ is The on the bonds at issuance amounts to

The carrying amount of the bonds payable at July $31,2027$ is

Requirement $2.$ Assume all amortization has been recorded properly. Journalize the retirement of the bonds on July $31,2027.$ No explanation is required. $($Record debits first, then credits. Exclude explanations from any journal entries.$)$

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[2027,,,]]$