A company retired $64 million of its 5% bonds at 105 ($67.2 million) before their scheduled maturity. At the time, the bonds had a remaining discount of $1 million Prepare the journal entry to record the redemption of the bonds (Enter your answers in millions rounded to 1 decimal place lie.. 5,500,000 should be entered as 5.5). If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet