Three years ago American Insulation Corporation issued 10 percent, $830,000, 10-year bonds for $785,000. American Insulation exercised its call privilege and retired the bonds for $820,000. The corporation uses the straight-line method to determine interest Required: Prepare the journal entry to record the call of the bonds. (If no entry is required for a transaction/event, select "Nojournal entry required" in the first account field.) View transaction list View journal entry worksheet No Event General Journal Debit Credit Bonds payable Loss on early extinguishment Discount on bonds payable Premium on bonds payable Cash