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On June 30 2021, Sea Co, issued callable $500,000, 20-year bonds for a price of 101. On December 31, 2026, Sea Co. called in 50%

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On June 30 2021, Sea Co, issued callable $500,000, 20-year bonds for a price of 101. On December 31, 2026, Sea Co. called in 50% of the bonds for a price of 102. The straightene method is used by the company to amortize any premium or discount REQUIRED Prepare the journal entry to call in the bonds on December 31, 2026. IGNORE INTEREST IN THIS QUESTION B $3

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