On January 1, 2021, White Water issues $500,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 5% and the bonds issued at $562,757 Jook 2. If the market interest rate increases to 7% on December 31, 2023, it will cost $450,748 to retire the bonds. Record the retirement of the bonds on December 31, 2023. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermediate and final answers to the nearest whole dollar) Mint View transaction list View Journal entry worksheet rences No General Journal Debit Credit Date December 31 2023 1 Bonds Payable 500,000 Premium on Bonds Payable he