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Brief Exercise 14-9 On January 1, 2017, Pharoah Corporation redeemed $620,000 of bonds at 97. At the time of redemption, the unamortized premium was $18,600.

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Brief Exercise 14-9 On January 1, 2017, Pharoah Corporation redeemed $620,000 of bonds at 97. At the time of redemption, the unamortized premium was $18,600. Prepare the corporation's journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 8 decimal places, e.g. 1.251247 and final answer to O decimal places, e.g. 38,548.) Account Titles and Explanation Debit Credit LINK TO TEXT

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