Brief Exercise 10-12 The balance sheet for Miley Consulting reports the following information on July 1, 2017 Long-term liabilities Bonds payable Less: Discount on bonds payable $1,740,000 139,200 $1,600,800 Miley decides to redeem these bonds at 104 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation July 1 Credit SHOW LIST OF ACCOUNTS