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The balance sheet of Indian River Electronics Corporation as of December 31, 2017, included 13% bonds having a face amount of $92.0 million. The bonds

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The balance sheet of Indian River Electronics Corporation as of December 31, 2017, included 13% bonds having a face amount of $92.0 million. The bonds had been issued in 2010 and had a remaining discount of $5.0 million at December 31, 2017 On January 1, 2018, indian River Electronics called the bonds before their scheduled maturity at the call price of 103. Required: Prepare the journal entry by Indiah 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 fleld. Enter your answers in whole dollars) View transaction list Journal entry worksheet Record the redemption of the bonds. Note: Enter debits before credits. Date General Journal Debit January 01. 2018 Record entry Clear entry View general journal

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