E10-18 Recording the Early Retirement of a Bond Issued at a Discount (with Discount Account) LO10-7 Several years ago, Nicole Company issued bonds with a face value of $1,090,000 for $990,000. As a result of declining interest rates, the company has decided to call the bond at a call premium of 4 percent over par. The bonds have a current book value of $1,067,000. Record the retirement of the bonds, using a discount account. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit