The long-term liability section of Twin Digital Corporation's balance sheet as of December 31, 2023, included 1496 bonds having a face amount of $20 milition and a remaining discount of $1 million. Disclosure notes indicate the bonds were issued to yield 16% Interest expense is recorded at the effective interest rate and paid on January 1 and July 1 of each year On July 1,2024 . Twin Digitai retired the bonds at 103($20,6 millon) before their scheduled maturity. Required: 1. \& 2. Prepare the necessary journal entries by Twin Digital on July 1,2024. Note: 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