The long$-$term llability section of Eastem Post Corporation's balance sheet as of December $31,2023,$ Included $8\%$ bonds having a face amount of $$46\mathrm{.}8$ million and a remaining premium of $$7\mathrm{.}7$ million. On January $1,2024,$ Eastern Post retired some of the bonds before thelr scheduled maturity.

Required:

Prepare the journal entry by Eastem Post to record the redemption of the bonds under each of the Independent clrcumstances below:

Eastem Post called half the bonds at the call price of $104(104\%$ of face amount$).$

$2$ Eastem Post repurchased $$11\mathrm{.}7$ million of the bonds on the open market at thelr market price of $$122$ million.

Complete this question by entering your answers in the tabs below.

Recond the entry for redemption of the bonds assuming Eastern Post called half the bonds at the call price of $104(104\%$ of face amount$),$

Notel If no entry is required for a transaction$/$event$,$ select $"$No joumbl entry required" in the first account field. Enter your answers in whole dollars.

Journal entry worksheet

Record the redemption of the bonds.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$Jan uary $01,2024,,,],[,,,],[,,,],[,,,]]$