I need help figuring out how to solve for the following jour

I need help figuring out how to solve for the following journal entry:

\"Called the bonds at the contractual call price of $115,000. The 7% bonds pay interest semiannually each June 30 and December 31. I know this results in a loss but I can\'t come up with the right answer. Pls. show how you work the problem.

Information given:

Cash $102,700 Allowance for uncollectible accounts $3,300 Common stock $215,000

A/R $37,000 Accumulated Depreciation $11,100 Retained earnings $143,400

Inventory $153,500 A/P $34,200

Land $82,300 Bonds payable $135,000

Buildings $135,000 Discount on bonds payable $31,500

Solution

As per the information given the entry should be Accounts Title Dr Cr Bonds payable $135,000 Loss on redemption of Bonds (bal fig) (115000+31500-135000) $11,500 Discount on Bonds Payable $31,500 Cash 115000 (being bonds called recorded)