A company retired $$60$ million of its $6\%$ bonds at $102($ $$61\mathrm{.}2$ million$)$ before their scheduled maturity. At the time, the bonds had a remaining discount of $$2$ million.

Prepare the journal entry to record the redemption of the bonds.

Note: Enter your answers in millions rounded to $1$ decimal place $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5).$ If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

$1$

References

Record the redemption of the bonds.

Note: Enter debits before credits.

$\backslash$table$[[$Event$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$