wheck my work mode IMS Shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Re ... www The long-term limbiilty section of Eastern Post Corporation's balance sheet as of December 31, 2020, included 10% bonds having a face amount of $40.8 million and a remaining premium of $6.2 million. On January 1, 2021, Eastern Post retired some of the bonds before their scheduled maturity. Required: Prepare the journal entry by Eastern Post to record the redemption of the bands under each of the independent circumstances below. 1. Eastern Post called half the bonds at the call price of 101 (101% of foce amount). 2. Eastern Post repurchased $10.2 million of the bonds on the open market at their market price of $107 million. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Record the entry for redemption of the bonds assuming Eastern Post called half the bonds at the call price of 101 (101% of face amount). (If no entry is required for a transaction/event, select "No joumal entry required in the first account field. Enter your answers in whole dollars.) No Date General Journal Debit Credit January 01, 2021 Bonds payable 20,000,000 Premium on bonds payable 3,000,000 3 Cash 20,400,000 Gain on early extinguishment 2,600,000 OOC Required 2 >