Problem 14-14 Early extinguishment of debt (LO14-5] Three years ago American Insulation Corporation issued 10 percent. $820.000, 10 eat bonds for $780,000. American Insulation exercised its call privilege and retired the bonds for $810,000. The corporation uses the straight line method to determine interest Required: Prepare the joumal entry to record the call of the bonds (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the call of the bonds. Notater det before credits Debit Credit Record entry Clear entry