11 Tyrell Company issued callable bonds with a par value of $42,000. The call option requires Tyrell to pay a call premium of $500 plus par (or a total of $42,500) to bondholders to retire the bonds. On July 1, Tyrell exercises the call option. The call option is exercised after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds under each separate situation. 1. The bonds have a carrying value of $33,000. ants 2. The bonds have a carrying value of $43,000. 930\" Journal entry worksheet Hint References Record the retirement of the bonds assuming the bonds have a carrying value of $33,000. Note: Enter debits before credits. \f13 Enviro Company issues 850%,10-year bonds with a par value of $390,000 and semiannual interest payments On the issue date, the annual market rate for these bonds is 5.50%, which implies a selling price of 126.875. The straightline method is used to allocate interest expense L6 )oints 1. What are the issuer's cash proceeds from issuance ofthese bonds? 2. What total amount of bond interest expense will be recognized over the life of these bonds? 2 02.42.31) 3. What is the amount of bond interest expense recorded on the first interest payment date? Complete this question by entering your answers in the tabs below. eBook Hint Required 1 Required 2 Required 3 References What are the issuer's cash proceeds from issuance of these bonds? (Round your nal answer to nearest whole dollar amount.) Cash proceeds I I Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Par value at maturity Total repayments Less amount borrowed (cash proceeds from part Total bond interest expense 1) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the amount of bond interest expense recorded on the first interest payment date? (Round your nal answer to nearest whole dollar amount.)