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The long-term liability section of Twin Digital Corporation's balance sheet as of December 31,2023 , included 12% bonds having a face amount of $35 million and a remaining discount of $1 million. Disclosure notes indicate the bonds were issued to yield 14%. nterest expense is recorded at the effective interest rate and paid on January 1 and July 1 of each year. On July 1 , 2024, Twin Digital etired the bonds at 104 ( $36.4 million) before their scheduled maturity. Required: 1. \& 2. Prepare the necessary journal entries by Twin Digital on July 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 n whole dollars. Journal entry worksheet ivute. cillei uebils veivit cits