Question 2 of 6 1.25 / 1.5 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. On January 1, 2020, Coronado Corporation redeemed $400,000 of bonds at 96. At the time of redemption, the unamortized premium was $12,000. Prepare the corporation's journal entry to record the reacquisition of the bonds. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548.) Account Titles and Explanation Debit Credit Bonds Payable 400,000 Premium on Bonds Payable 12,000 Cash 388000 Gain on Redemption of Bonds 24000 e Textbook and Media List of Accounts