The balance sheet for Cullumber Company reports the following information on July 1, 2022.

CULLUMBER COMPANY Balance Sheet (partial)
Long-term liabilities
Bonds payable		$300,000
Less: Discount on bonds payable		6,750		$293,250

Cullumber decides to redeem these bonds at 108 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
July 1	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount