Chapter 10 Homework 3 357 points On January 1, Innovative Solutions, Inc., issued $100,000 in bonds at face value. The bonds have a stated interest rate of 5 percent. The bonds mature in 10 years and pay interest once per year on December 31 Required: 1, 2 & 3. Prepare the required journal entries to record the bond issuance, interest payment on December 31, early retirement of the bonds. Assume the bonds were retired immediately after the first interest payment at a quoted price of 103. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Skipped cBook View transaction list References Journal entry worksheet 1 2 > Record the issuance of bonds of $100,000 at face value. Note: Enter debits before credits General Journal Debit Credit Date January 01 ME G A tv LEC e W 19 O View File Edit Thesaurus YouTube Facebook Google Drive Connect Gall Netflix Saved Hulu Chapter 10 Homework 3 View transaction list 3.57 points Journal entry worksheet Skipped 1 2 3 Record the interest payment on December 31. Hint Note: Enter debits before credits General Journal Date December 31 Debit Credit Record entry Clear entry View general journal sty W 1) h Calendar Amazon Hulu YouTube Thesaurus Gmail Netflix Facebook Google Drive Connect Saved Chapter 10 Homework 3 View transaction list 3.57 points Journal entry worksheet Skipped 1 2 eBook Record the retirement of the bonds at a quoted price of 103. Hin P Defence Note: Enter debits before credits Date December 31 General Journal Debit Credit Record entry Clear entry View general journal W 2