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2.5 please help Exercise 14-23 (Static) Early extinguishment [LO14-5] The balance sheet of River Electronics Corporation as of December 31,2023 , included 12.25% bonds having
2.5 please help Exercise 14-23 (Static) Early extinguishment [LO14-5] The balance sheet of River Electronics Corporation as of December 31,2023 , included 12.25% bonds having a face amount of $90 million. The bonds had been issued in 2016 and had a remaining discount of $3 million at December 31,2023 . On January 1,2024 , River Electronics called the bonds before their scheduled maturity at the call price of 102 . Required: Prepare the journal entry by River Electronics to record the redemption of the bonds at January 1, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars. Journal entry worksheet Note: Enter ocons berore creurs
2.5 please help
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