10.

Magic Mountain retires its 9% bonds for $127,000 before their scheduled maturity. At the time, the bonds have a face value of 125,000 and a carrying value of $118,000. Record the early retirement of the bonds. Of no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the early retirement of the bonds. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal