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