The long-term liability section of Westin Labratories balance sheet as of December 31, 2015, included 10% bonds having a face amount of $200 million and a remaining premium of $30 million. On January 1, 2016, Eastern Posts retired some of the bonds before their scheduled maturity.

Prepare the journal entry by Westin to record the redemption of all the bonds at a call price of 102 (102% of face amount).