year-end is August 31. The company does not use reversing entries. Read the Requirement a. Prepare journal entries. (Record debits first, then credits. Explanations are not required.) i. Using a compound entry, record the issuance of the bonds on July 1, 2018. iii. Record the payment of interest on December 31, 2021. iv. Record the retirement of the remaining bonds on March 31, 2022. Requirement b. Provide a brief explanation as to the most likely reasons that Nine Hole was able to repurchase its bonds at a discount. The most likely reason why the company was able to repurchase its bonds at a discount on March 31,2022 , is that the market interest rate for similar bonds bonds