On March 31, 2017 Topper Corp

Essay

On March 31, 2017 Topper Corp. retired bonds early by repurchasing them in the market for $9,700,000. The total face value of the bonds retired at March 31, 2017 was $10 million for which there remained a balance of $450,000 of unamortized discount.
Required:
Prepare the journal entry to retire the bonds.