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Brief Exercise 15-06 The balance sheet for Carla Vista Consulting reports the following information on July 1, 2020. Long-term liabilities Bonds payable Less: Discount on

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Brief Exercise 15-06 The balance sheet for Carla Vista Consulting reports the following information on July 1, 2020. Long-term liabilities Bonds payable Less: Discount on bonday payable $1,200,000 60,000 $1,140,000 Carla Vista decides to redeem these bonds at 102 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2020. (Credit account titles are aut Date Account Titles and Explanation Debit Credit July 1

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