View Policies Current Attempt in Progress On January 1, 2017, Cullumber Company redeemed $470,000 of bonds at 101. At the time of redemption, the unamortized discount was $16,500 and unamortized bond issue costs were $3,100. Prepare the Cullumber's journal entry to record the reacquisition of the bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Bonds Payable 470000 Loss on Redemption of Bonds Discount on Bonds Payable Unamortized Bond Issue Costs 3100 Cash 4747000