H6.hedcation.com Homework 9 (Chpt 10 2.14 points E10-8 Preparing Journal Entries to Record issuance of Bonds at Face Value, Payment of Interest, and Early Retirement (LO 10-31 On January 1, Innovative Solutions, Inc. issued $120,000 in bonds at face value. The bonds have a stated interest rate of 6 percent. The bonds mature in 10 yoars and pay interest once per year on December 31 Required 1,2&3. Complee the required joumal 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 101. (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field) View transactise list 1 Record the issuance of bonds of $120,000 at face value. 2 Record the interest payment on December 31 3 Record the retirement of the bonds at a quoted price of 7 101 ote:journal entry has been entered Clear entry View general journal Record entry MacBook Pro