Prepare the journal entries to record the following events. (List multiple debit/credit entries from largest to smallest amount e.g. 10 5 2.) Word bank for Debit/Credits:
Gain on bond redemption
Loss on Bond Redemption
Mortgage Note Payable
Discount on Bonds Payabe
Bond Interest Payable
Bond Interest Expense
Premium on Bonds Payable (a) The issuance of the bonds.
Credit (b) The accrual of interest and the premium amortization on December 31 2010.
Credit (c) The payment of interest on January 1 2011.
Credit (d) The redemption of the bonds at maturity assuming interest for the last interest period has been paid and recorded.