Question: A $ 4 9 5 , 0 0 0 bond issue on which there is an unamortized discount of $ 3 4 , 0 0

A $495,000 bond issue on which there is an unamortized discount of $34,000 is redeemed for $475,000. Journalize the redemption of the bonds.
If an amount box does not require an entry, leave it blank.
blankAccountDebitCreditblank
Bonds PayableCashDiscount on Bonds PayableGain on Redemption of BondsInterest Expense
CashDiscount on Bonds PayableGain on Redemption of BondsLoss on Redemption of BondsPremium on Bonds Payable
Bonds PayableDiscount on Bonds PayableGain on Redemption of BondsInterest PayableLoss on Redemption of Bonds
Bonds PayableCashGain on Redemption of BondsInterest ExpenseLoss on Redemption of Bonds

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