The balance sheet of Indian River Electronics Corporation as of December 31, 2017, included 13.5% bonds having a face amount of $90.5 million. The bonds had been issued in 2010 and had a remaining discount of $3.5 million at December 31, 2017. On January 1, 2018, Indian River Electronics called the bonds before their scheduled maturity at the call price of 102. Required: Prepare the journal entry by Indian River Electronics to record the redemption of the bonds at January 1, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.)

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Journal entry worksheet Record the redemption of the bonds. Note: Enter debits before credits Date General Journal Debit Credit January 01, 2018 Record entry Clear entry View general journal