answer needed for the incorrect one which is in red.

1 Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to q 3 A company retired $75 million of its 5% bonds at 104 ($78.0 million) before their scheduled maturity. At the time, the bonds had a remaining discount of $1 million. Prepare the journal entry to record the redemption of the bonds. (Enter your answers In millions rounded to 1 decimal place (l.e., 5,500,000 should be entered as 5.5). If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 10 points Answer is complete but not entirely correct. No Event General Journal Debit Credit Bonds payable 75.0 Notes receivable 4.0 Cash 78.0 Discount on bonds payable 1.0