Sharett Company retires its 8% bonds having a face amount of $72,700 for $70,700 before their scheduled maturity. At the time, the bonds have a carrying value of $74,985. Required: Record the early retirement of the bonds. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the early retirement of the bonds. Note: Enter debits before credits Event 1 General Journal Debit Credit Record entry Clear entry View general journal