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On January 1. 2019. Yuen Corporation sold and issued 51.000.000 ofits 10% bonds. receiving :1 560.000 premium. 0n the interest date 5 years later. after

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On January 1. 2019. Yuen Corporation sold and issued 51.000.000 ofits 10% bonds. receiving :1 560.000 premium. 0n the interest date 5 years later. after the bond interest was paid. and after 40% of the premium had been amortized. the corporation purchased 15% of the Bonds on the open market at 98 and retired them. Required: Prepare the required journal entry to retire the Bonds

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