On December 31 , a $1,600,000 bond issue on which there is an unamortized discount of $70,500 is redeemed for $1,554,100. Required: Joumalize the redemption of the bonds. Refer to the chart of accounts for the exact wording of the account titles. CNOW joumals do not use lines for journal explanations. Every line on a joumal page is used for debil or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is entered