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Four years ago American Insulation Corporation Issued 10 percent, $840,000, 10-year bonds for $790,000. American Insulation exercised Its call privlege and retired the bonds for $830,000. The corporation uses the stralght-line method to determine Interest Required: Prepare the journal entry to record the call of the bonds. (If no entry Is required for a trensactlon/event, select "No Journal entry required" In the first account fleld.) View transaction list Journal entry worksheet Record the call of the bonds. Note: Enter debits before credits. Event General Journal DebitCredit Bonds payable Loss on early extinguishment 840.000 Discount on bonds payable Cash 30.000 830/000