Question: A $ 3 0 0 , 0 0 0 bond was redeemed at 9 8 when the carrying amount of the bond was $ 2

A $300,000 bond was redeemed at 98 when the carrying amount

A $300,000 bond was redeemed at 98 when the carrying amount of the bond was $292,000. The entry to journalize the redemption would include a
loss on bond redemption of $2,000
gain on bond redemption of $2,000
gain on bond redemption of $4,000
loss on bond redemption of $4,000
of the bond was $292,000. The entry to journalize the redemption would

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