Prepare journal entries to record the following retirement. (Show computations and round to the nearest dollar.)The December 31, 2014 balance sheet of Wolfe Co. included the following items: 
The bonds were issued on December 31, 2012 at 95, with interest payable on June 30 and December 31. (Use straight-line amortization.)On April 1, 2015, Wolfe retired $400,000 of these bonds at 101 plus accrued interest.
Definitions:
Air Pressure
The force exerted by the weight of air on the Earth's surface, influencing weather patterns and conditions.
Altitude
The height or elevation of a point above a specific reference level, usually above sea level.
Explanatory
Pertaining to a variable in a statistical model that is used to explain or predict changes in a response variable.
Response
In statistics, the answer or reaction to some stimulus or experiment; in communication, it's the reply or reaction to a message or question.
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