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Mahalo Boat Adventure Inc. has a July 31 year-end. It showed the following partial amortization...

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Accounting

Mahalo Boat Adventure Inc. has a July 31 year-end. It showed the following partial amortization schedules regarding two bond issues: Bond Issue A (A) Cash Interest Paid (B) Period Interest (E) Expense Period Ending June 1/20 Dec. 1/20 $770,000 x 8.0% * 6/12 (E) 7.0% x 6/12 (C) Amort. (D) Unamortized (A) - (B) $ 30,800 $ 28,727 $ 2,073 Balance $50,780 48,707 Carrying Value $770,000 + (D) $ 820,780 818,707 Dec. 1/26 30,800 27,668 3,132 17,383 787,383 June 1/27 30,800 27,558 3,242 14,141 784,141 Dec. 1/27 30,800 27,445 3,355 10,786 780,786 June 1/28 30,800 27,328 3,472 7,314 777,314 Dec. 1/28 30,800 27,206 3,594 3,720 773,720 June 1/29 30,800 27,080 3,720 0 770,000 Totals $ 554,400 $ 503,620 $50,780 *Adjusted for rounding h. Independent of (a) through (g), assume bond A issues were retired on December 1, 2027, at 97. Record the entries No 1 Date December 01, 202 Bond interest expense Premium on bonds payable Interest payable Answer is not complete. General Journal Debit Credit 109,059 x 14,141 123,200 2 December 01, 202 Bonds payable 770,000 Premium on bonds payable 10,786 Cash 746,900 Gain on retirement of bonds 33,886

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