Worldview Magazine issued $390,000 of 15-year, 8% callable bonds payable on July 31, 2024, at 98 On July 31, 2027. Worldview called the bonds at 104 Assume annual interest payments Requirements 1. Without making journal entries, compute the carrying amount of the bonds payable at July 31, 2027 2. Assume all amortization has been recorded properly Joumalize the retirement of the bonds on July 31, 2027 No explanation is required, issuance amounts to OU The carrying amount of the bonds payable at July 31, 2027 is $ 383,760 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.) Date Accounts Debit Credit 11 2027 Jul 31 390,000 Bonds Payable Loss on Retirement of Bonds Payable Discount on Bonds Payable Cash 7800 382200