of the balance sheet using figures from the effectiv For questions 2 and 3 use calculations from the effective interest rate method. 2. On July 1, 2019 Valley called and retired half (50%) of the bonds at 102. Make the journal entry to record the retirement of the bonds 3. Make the journal entry on the maturity date of the bonds assuming no bonds were redeemed during the life of the bond. 1. Mahba Corporation sold $100,000 of 5% 8 year bonds for face value on April 1, 2016 instead of on January 1, 2016. Mahba pays interest on January 1 and July 1 each year. a. Prepare the journal entries to record the sale of the bonds on April 1, 2016 b. Prepare the journal entry to record the first semi-annual interest payment on July 1, 2016 c. Show the bond interest expense in T account form on July 1, 2016 Questions Sheet2 Sheet3 + dy 14 RA W XP Aa MacBook Pro 000 000 F4 DII FS F7 DD FO FVO 111 712 $ ) & 7 + 6 ( 9 8 9 0 Il