On January 1, 2014, Henderson Corporation retired $500,000 (face value) of bonds at 99. At the time

Question:

On January 1, 2014, Henderson retired $500,000 (face value) of bonds at 99. At the time of retirement, the unamortized premium was $9,750. Prepare the corporation's journal entry to record the reacquisition of the bonds?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...