Zapzap Corporation issued $4,000,000 in five-year, 4% bonds on August 1, 2019. Interest is to be paid semi-annually on Feb 1 and August 1. The bonds were sold to yield 6% effective annual interest. Pine Corporation has a calendar year-end and follows IFRS. Instructions:

Prepare the entries required for these bonds at December 31, 2019(year end) February 1, 2020 August 1, 2020 when the interest was paid, and the entire issue was retired early for $4,350,000 plus interest.