Exercise 9-17B Record the early retirement of bonds issued at a premium (LO9-6) [The following information applies to the questions displayed below.] On January 1, Year 1, a company issues $410,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 6% and the bonds issued at $440,499. Exercise 9-17B Part 2 2. If the market interest rate increases to 8% on December 31, Year 6, it will cost $388,346 to retire the bonds. Record the retirement of the bonds on December 31, Year 6. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermediate and final answers to the nearest whole dollar.) View transaction list Journal entry worksheet Record the retirement of the bonds