On January $1,2023,$ Kingbird Bell Corp. issued bonds with a par value of $$801,000$ at $98($which is net of issue costs$),$ due in $20$ years. Eight years after the issue date, the entire issue is called at $102$ and cancelled. Assume the straight$-$line amortization method has been used $($for simplicity$).$

Prepare the journal entry to reflect the reacquisition of the bond. $($List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Round answers to O decimal places, e$.$g$.5,275.)$

Account Titles

Debit

Credit