Question: A $ 2 7 7 , 0 0 0 bond was redeemed at 9 8 when the carrying amount of the bond was $ 2

A $277,000 bond was redeemed at 98 when the carrying amount of the bond was $270,075. The entry to record the redemption would include a gain on bond redemption of \$6.925. on redemption of \$6.925 loss on bond redemption of $1,385 gain on bond redemption of \$1.385

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