On January $1,2025,$ Kingbird Corporation redeemed $$530,000$ of bonds at $96.$ At the time of redemption, the unamortized premium

was $$15,900.$

Prepare the corporation's journal entry to record the reacquisition of the bonds. $($If no entry is required, select $"$No Entry" for the account

titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all

debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit