Excalibur Incorporated issued $170,000 of 5%, four-year bonds on January 1. The bonds pay interest semiannually on June 30 and December 31. They were issued at par value. Prepare the journal entry the Corporation will record on their books if they repurchase the bonds on January 1 two years later at 101% after the semi-annual interest payment was made. (Hint: use the Account List - click to pop open to help you with your journal entries) Date 01/01 Description to record the repurchase of bonds. Debit Credit