July 1 Interest Expense ($600,000  0.08  6/12) ............... | 24,000 — The Long-Term Debt section Rodman Company balance sheet December 2012 included bonds

The Long-Term Debt section of Rodman Company’s balance sheet as of December 31, 2012, included 8% bonds payable of $600,000 less unamortized discount of $44,000. Further examination revealed that these bonds were issued to yield 11%. The amortization of the bond discount was recorded using the effective-interest method. Interest was paid on January 1 and July 1 of each year. On July 1, 2013, Rodman retired the bonds at 104 before maturity.

Prepare the journal entries to record the July 1, 2013, payment of interest, including the amortization of the discount since December 31, 2012, and the early retirement on the books of Rodman Company.