$4$

$10$

The balance sheet of River Electronics Corporation as of December $31,2023,$ included $11\mathrm{.}25\%$ bonds having a face amount of $$91\mathrm{.}3$ million. The bonds had been issued in $2016$ and had a remaining discount of $$4\mathrm{.}3$ million at December $31,2023.$ On January $1,2024,$ River Electronics called the bonds before their scheduled maturity at the call price of $104.$

points 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.

Answer is not complete.

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,$January $01,2024,$Bonds payable,$,91,300,000,],[,,$Discount on bonds payable,$\backslash$times $,,4,300,000\backslash$times $],[,,$Loss on early extinguishment,$\backslash$times $,7,952,000*,],[,,$Cash,$(,,94,952,000]]$