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Help Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion 1 Julio J, LUL VOOL IU,GUV 19,800 Discount and debt issue costs Bonds payable Discount and debt issue costs 430,000 X 1,800 X 2 December 31, 202 Interest expense Discount and debt issue costs 26,790 Cash 990 25,800 Discount and debt issue costs 90 % 90 3 June 30, 2022 26,790 Interest expense Discount and debt issue costs 990 25,800 Cash Discount and debt issue costs x 90 % 90 X 4 July 01, 2022 430,000 Bonds payable Loss on early extinguishment Cash Discount and debt issue costs 415,000 17,820 w Saved Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Cupola Fan Corporation issued 12%, $430,000, 10-year bonds for $412,000 on June 30, 2021. Debt issue costs were $1,800. Interest is paid semiannually on December 31 and June 30. One year from the issue date (July 1, 2022), the corporation exercised its call privilege and retired the bonds for $415,000. The corporation uses the straight-line method both to determine interest expense and to amortize debt issue costs. Required: 1. to 4. Prepare the journal entry to record the issuance of the bonds, the payment of interest and an ortization of debt issue costs on December 31, 2021 & June 30, 2022, and the call of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) * Answer is not complete. No Date General Journal Debit Credit 1 June 30, 2021 410,200 19,800 Cash Discount and debt issue costs Bonds payable Discount and debt issue costs OOOO 430,000 1.800 x 2 26,790 990 December 31, 202 Interest expense Discount and debt issue costs Cash Discount and debt issue costs 25,800 x 90 % 90 %

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