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Nivans Compary issued $202,000 of 5 percent, 10-year, cakable bonds on Januacy t. Year 1. at
their face walue. The cal premium was 5 Required Prepare the joumat entries to record the bond
issue on Janumy zy Year thand the bond redempition on Decenber at, Your 5 Enties for. acorual
and payment of interest are not requied, af no entry is requiled for a transoctien/event, select "No
journal enatry cequired" in the first aceount field.) Journal entry worksheet 2Journal entry
worksheet Record the bond redemption on December 31, Year 5. Note: Enter debits before
credits.

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