#15. b_ Carr Corporation retires its $100,000 face value bonds at 105 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $103,745. The entry to record the redemption will include a credit of $3,745 to Loss on Bond Redemption. debit of $3,745 to Premium on Bonds Payable. credit of $1,255 to Gain on Bond Redemption. debit of $5,000 to Premium on Bonds Payable. 91.0.59