A) Journalize the entries for the bonds on       1. Jan 1, 2011      2. July 1, 2011      3. Dec 31, 2011 B) Show that balance sheet presentation of the bonds at Dec 31, 2011 C) Assume July 1, 2011, after paying interest, Ritter calls bonds having a face value of $400,000. The call price is 101. Record the redemption of the bonds.

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Q: Solve

A: Step 1:   Step 2: Step 3: Step 4:

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Q: Want Answer

A: Now, let's take a step-by-step look at each section of these journal entries for bond transactions,…