Problem 4: Bond Prob. - Straight-line Background: Jaybird Mining ssued $400,000 6%, 5 year callable bonds payable that pay interest quarterly on March 31, June 30, September 30, and December 31. These bonds were issued at a price of 98 on January 1 2018. All entries related to these bonds are included in the Transactions Assignment: 1 Using the General journal tab click Add Transaction to journalize each transaction. Click Post Transaction once you complete the entry, then repeat these steps for each transaction section below, Jaybird uses the straight-line method for amortizing any 2) Click the Reports tab and review the results of recording these bond discount or premium transactions on the General Ledger 3) Click Submit Work when complete. Transactions: 01/01/2018 Record the issuance of the$400,000, 696, 5-year bonds payable at 98 03/31/2018 Record the quarterly interest payment for these bonds. 06/30/2018 Record the quarterly interest payment for these bonds. 09/30/2018 Record the quarterly interest payment for these bonds 10/01/2018 lahird called in half of these honds at a nrice nf101 Transactions: 06/30/2018 Record the quarterly interest payment for these bonds. 09/30/2018 Record the quarterly interest payment for these bonds. 10/01/2018 Jaybird called in half of these bonds at a price of 101. 12/31/2018 Record the quarterly interest payment for the remaining bonds. urrent Asset li.lt4:i: .Lial iliiv Cost of Goods Sol ain on Retirement of Bonds Payable ther Gain