retirement of bonds

Several years ago. Nicole Company issued bonds with a face value of $1,070,000 for $980,000. As a result of declining interest rates, the company has decided to call the bond at a call premlum of 5 percent over par. The bonds have a current book value of $1,049,000. Required: Record the reqrement of the bonds without using a discount account Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Several years ago. Nicole Company issued bonds with a face value of $1,070,000 for $980,000. As a result of declining interest rates, the company has decided to call the bond at a call premlum of 5 percent over par. The bonds have a current book value of $1,049,000. Required: Record the reqrement of the bonds without using a discount account Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet