several years ago, cyclops company issued bonds with a face value of $1,500,000 for $1,294,500

Several years ago, Cyclop Company issued bonds with a face value of $1,500,000 for $1,294,500. As a result of declining interest rates, the company has decided to call the bonds at a call premium of 5 percent over par. The bonds have a current book value of $1,512,000 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Required: Record the retirement of the bonds and do not use a premium account. View transaction list Journal entry worksheet Record the retirement of the bonds not using a premium account. Note: Enter debits before credits. Transaction General Journal Debit Credit