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  3. 2. on january 1, 2020, high shots issued $250,000

2. On January 1, 2020, High Shots issued $250,000 of 11% ten-year bonds at 104....

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Accounting

2. On January 1, 2020, High Shots issued $250,000 of 11% ten-year bonds at 104. Bond premium is amortized on straight-line basis. On July 1, 2026, 40% of the bonds were called at 104.

Required: Record the retirement of the bonds. Ignore interest and use straight-line amortization.

Please use an excel format and show work/input if possible. Thankyou

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