Several years ago. Nicole Company issued bonds with a face value of $1,130,000 for $1,010,000. As a result of declining interest rates, the company has decided to call the bond at a call premium of 5 percent over par. The bonds have a current book value of $1,103,000. Record the retirement of the bonds, using a discount account. (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 1 Record the retirement of the bonds. Note: Enter debits before credits Transaction General Journal Debit Credit Handy Clear entry View general Journal