On January 1, 2020, Concord Corporation redeemed $580,000 of bonds at 97. At the time of redemption, the unamortized premium was $17,400. 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 amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, eg. 1.251247 and final answer to O decimal places, eg. 38,548.) Account Titles and Explanation eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 3 used Submit