The balance sheet for Wildhorse Co$.$ reports the following information on July $1,2025.$

WILDHORSE CO$.$

Balance Sheet $($partial$)$

Long$-$term liabilities

Wildhorse decides to redeem these bonds at $102$ after paying annual interest.

Prepare the journal entry to record the redemption on July $1,2025.($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent

manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date Account Titles and Explanation

Debit

Credit

July $1$