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Cullumber Company issued $1,840,000 of bonds on January 1,2022. Prepare the journal entry to record the redemption of the bonds at maturity, assuming the bonds

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Cullumber Company issued $1,840,000 of bonds on January 1,2022. Prepare the journal entry to record the redemption of the bonds at maturity, assuming the bonds were issued at 100 . (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the journal entry to record the redemption of the bonds before maturity at 98 . Assume the balance in Premium on Bonds Payable is $9,500. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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