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Exercise 14-23 (Algo) Early extinguishment (L014-5) The balance sheet of Indian River Electronics Corporation as...

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Exercise 14-23 (Algo) Early extinguishment (L014-5) The balance sheet of Indian River Electronics Corporation as of December 31, 2020, included 13.75% bonds having a face amount of $90.6 million. The bonds had been issued in 2013 and had a remaining discount of $3.6 million at December 31, 2020. On January 1. 2021, Indian River Electronics called the bonds before their scheduled maturity at the call price of 103. Required: Prepare the journal entry by Indian River Electronics to record the redemption of the bonds at January 1, 2021 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whr Hollars.) View transaction list Journal entry worksheet Record the redemption of the bonds. Minta. Estar Hobite har Journal entry worksheet 1 Record the redemption of the bonds. Note: Enter debits before credits General Journal Debit Date January 01, 2021 Credit + Record entry Clear entry View general journal

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