Hanrahan Corporation issued $400,000 of 10-year bonds at a discountHanrahan Corporation issued $400,000 of 10-year bonds at a discount

Hanrahan Corporation issued $400,000 of 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was $388,000, the company retired the bonds at 99. Prepare the entry to record the redemption of the bonds.