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Pina Colada Corp. issued $430,000 of 10-year bonds at...

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Accounting

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Pina Colada Corp. issued $430,000 of 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was $412,800, the company redeemed the bonds at 98. Prepare the entry to record the redemption of the bonds. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit

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