A company retired $70 million of its 7% bonds at 103 ($721 million) before their scheduled maturity. At the time, the remaining discount of $2 million. bonds had a Prepare the journal entry to record the redemption of the bonds. (Enter your ans 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.) wers in millions rounded to 1 decimal place (i.e. list Journal entry worksheet Record the redemption of the bonds. Event Clear entry