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Business, 09.08.2021 22:50 reginaakerson230

JKL Corporation retires its $500,000 face value bonds at 102 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $481,250. The entry to record the redemption will include a:. a) credit of $18,750 to Loss on Bond Redemption.
b) credit of $28,750 to Gain on Bonds Payable.
c) debit of $28,750 to Loss on Bond Redemption.
d) debit of $10,000 to Premium on Bonds Payable.

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