Company H redeemed $550,000 of its bonds on June 30, 2025, at 103 and immediately retired them. The carrying value of the
bonds on the retirement date was $485,500. The bonds pay annual interest and the interest payment due on June 30, 2025 has
been made and recorded. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all
debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)