Two years ago American Insulation Corporation issued 10%, $810,000, 8-year bonds for $775,000. American Insulation exercised its call privilege and retired the bonds for $800,000. 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 View journal entry worksheet Crede No 1 Event 1 Debat 810,000 General Journal Bonds payable Lots on early extinguishment Discount on bonds payable Cash 7,800 800,000