On July 1, Aloha Company exercises a call option that requires Aloha to pay $224,400 for its outstanding bonds that have a carrying value of $228,200 and a par value of $220,000. The company exercises the call option after the semlannual interest is paid the day before on June 30. Record the entry to retire the bonds. Journal entry worksheet Recond the retirement of bonds before maturity. Notei Enter debits before creals