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The December 31, 2020, balance sheet of Nagini inc. Included 10% bonds with a face amount of $103 million. The bonds were issued In 2008

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The December 31, 2020, balance sheet of Nagini inc. Included 10% bonds with a face amount of $103 million. The bonds were issued In 2008 and had a remaining discount of $3,700,000 at December 31, 2020. On January 1, 2021, Nagini called the bonds at a price of 101 Prepare the journal entry by Nagini to record the retirement of the bonds on January 1, 2021. (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 retirement of the bonds on January 1, 2021 NO Enter debts before credits General Journal Debit Credit Date January 01, 2021

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