Prepare the entry to record the retirement of half the bonds still outstanding on January $1,2021$ for a cash payment of $$781,500.$ Ignore the accrued interest. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Date Account Titles and Explanation

Debit

Credit

Jan. $1$

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