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Prepare the pumal entry to recced the retimment of the bonds. Espianatione are kot seeded. Decembee 31,20X, a company decides to retire its bonds by paying 563,000 . The bonda were originally sold at a premium. The bonda hare a tace kalue of 560,000 and the bilmoe in to temium on Bonds Payable acoount is $2,000. Assume that at partial year amortization and interest payments hare alrady been recorded. repare the journal entry to record the retrement of the bonds. Explanatons are not neoded. thow ail work to receive pantial credt, If you plan to tubinit scrap paper, type "sciep paper" below