Question: On January 1 , 2 0 2 5 , Kingbird Corporation redeemed $ 4 3 0 , 0 0 0 of bonds at 9 9

On January 1,2025, Kingbird Corporation redeemed $430,000 of bonds at 99. At the time of redemption, the unamortized premium
was $12,900.
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.)
Account Titles and Explanation
Bonds Payable
Premium on Bonds Payable
Loss on Redemption of Bonds
Debit
On January 1,2025, Kingbird Corporation redeemed $430,000 of bonds at 99.

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