Bond: Prepare the journal entries needed for the following transactions. A. Start all journal entires on...

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Bond: Prepare the journal entries needed for the following transactions. A. Start all journal entires on the top row. On June 1, 2011, Fiori issued $100,000, 6% bonds for $97,940, which includes accrued interest. Interest is payable semiannually on February 1 and August 1 with the bonds maturing on February 1, 2021. The bonds are callable at 102. 1 2 23 4 5 Ref Account Titles Debit Credit 12 4 B. On February 1, 2013, Fiori repurchased $60,000 of the bonds at the call price. Assume that the unamortized balance in the Discount on Bonds Payable immediately prior to purchase is $3,360. Check your computation of the gain or loss. 1 2345 Ref Account Titles Debit Credit 2 13 4 5 Bond: Prepare the journal entries needed for the following transactions. A. Start all journal entires on the top row. On June 1, 2011, Fiori issued $100,000, 6% bonds for $97,940, which includes accrued interest. Interest is payable semiannually on February 1 and August 1 with the bonds maturing on February 1, 2021. The bonds are callable at 102. 1 2 23 4 5 Ref Account Titles Debit Credit 12 4 B. On February 1, 2013, Fiori repurchased $60,000 of the bonds at the call price. Assume that the unamortized balance in the Discount on Bonds Payable immediately prior to purchase is $3,360. Check your computation of the gain or loss. 1 2345 Ref Account Titles Debit Credit 2 13 4 5