Three years ago American Insulation Corporation issued 10 percent, $960,000, 8-year bonds for $850,000. American Insulation exercised its call privilege and retired the bonds for $900,000. 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 "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the call of the bonds. Note: Enter debits before credits. Event General Journal Debit Credit