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The balance sheet of Indian River Electronics Corporation as of December 31, 2017, included 12.75% bonds having a face amount of $91.9 million. The bonds

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The balance sheet of Indian River Electronics Corporation as of December 31, 2017, included 12.75% bonds having a face amount of $91.9 million. The bonds had been issued in 2010 and had a remaining discount of $4.9 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.) View transaction list Journal entry worksheet Record the redemption of the bonds. Note: Enter debits before credits General Journal Debit Credit January 01, 2018 The balance sheet of Indian River Electronics Corporation as of December 31, 2017, included 12.75% bonds having a face amount of $91.9 million. The bonds had been issued in 2010 and had a remaining discount of $4.9 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.) View transaction list Journal entry worksheet Record the redemption of the bonds. Note: Enter debits before credits General Journal Debit Credit January 01, 2018

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