Question: Please solve this problem and show work.thanks On January 1 , 2 0 2 5 , Metlock Corporation redeemed $ 6 5 0 , 0

Please solve this problem and show work.thanks

On January

1, 2025,

Metlock Corporation redeemed $

650, 000

of bonds at

97 .

At the time of redemption, the unamortized premium was $

19, 500 .

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

Debit

Credit

Please solve this problem and show work.thanks On January 1,2025, Metlock

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