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On January 1,2020, Bridgeport Corporation redeemed $420,000 of bonds at 98 . At the time of redemption, the unamortized premium was $12,600 Prepare the cocporation's
On January 1,2020, Bridgeport Corporation redeemed $420,000 of bonds at 98 . At the time of redemption, the unamortized premium was $12,600 Prepare the cocporation's journal entry to record the reacquisition of the bonds. (Ut no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Credit account tities are outomatically indented when amocint is entered. Do not indent mariually. Round intermediate colculations to 6 decimal ploces, es 1.251247 and final answer to 0 decimal ploces, es, 38,548 )
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