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need answer right now please The balance sheet for Sheridan Consulting reports the following information on July 1, 2021. Non-current liabilities Bonds payable, 4% due

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The balance sheet for Sheridan Consulting reports the following information on July 1, 2021. Non-current liabilities Bonds payable, 4% due 2024 $1,034,000 The face value of these bonds is $1.100,000. Sheridan decides to redeer these bonds at 102 after paying annual interest Prepare the journal entry to record the redemption on July 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit July 1 1100000 Bonds Payable 8000 Loss on Bond Redemption (To record redemption of bonds)

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