Cupola Fan Corporation issued 12%, $580,000, 10-year bonds for $552,000 on June 30, 2024. Debt issue...

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Cupola Fan Corporation issued 12%, $580,000, 10-year bonds for $552,000 on June 30, 2024. Debt issue costs were $3,300. Interest is paid semiannually on December 31 and June 30. One year from the issue date (July 1, 2025), the corporation exercised its call privilege and retired the bonds for $560,000. 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 entries to record the issuance of the bonds, the payment of interest and amortization of debt issue costs on December 31, 2024 & June 30, 2025, and the call of the bonds. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. No 1 Date June 30, 2024 Cash Bonds payable Answer is not complete. General Journal Debit Credit 548,700 548,700 2 December 31, 202 Interest expense Bonds payable Cash 36,365 1,565 34,800 3 June 30, 2025 Interest expense Bonds payable Cash 36,365 1,565 34,800 4 July 01, 2025 Bonds payable 551,830 x Loss on early extinguishment 8,170 Cash 560,000 Cupola Fan Corporation issued 12%, $580,000, 10-year bonds for $552,000 on June 30, 2024. Debt issue costs were $3,300. Interest is paid semiannually on December 31 and June 30. One year from the issue date (July 1, 2025), the corporation exercised its call privilege and retired the bonds for $560,000. 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 entries to record the issuance of the bonds, the payment of interest and amortization of debt issue costs on December 31, 2024 & June 30, 2025, and the call of the bonds. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. No 1 Date June 30, 2024 Cash Bonds payable Answer is not complete. General Journal Debit Credit 548,700 548,700 2 December 31, 202 Interest expense Bonds payable Cash 36,365 1,565 34,800 3 June 30, 2025 Interest expense Bonds payable Cash 36,365 1,565 34,800 4 July 01, 2025 Bonds payable 551,830 x Loss on early extinguishment 8,170 Cash 560,000