Question: On January 1 , 2 0 2 5 , Culver Corporation redeemed $ 4 8 0 , 0 0 0 of bonds at 9

On January

1, 2025,

Culver Corporation redeemed

\

480, 000

of bonds at

96 .

At the time of redemption, the unamortized premium was

\ (\

14, 400 \) .

Prepare the corporation's journal entry to record the reacquisition of the bonds.

(

If no entry is required, select

"

No Entry" for the account titles and enter

0

for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.

)

On January 1 , 2 0 2 5 , Culver Corporation

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