ACC 302, easy. Q2

On January 1, 2025, Martinez Corporation redeemed $520,000 of bonds at 99 . At the time of redemption, the unamortized premium was $15,600. Prepare the corporation's journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)