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A $525,000 bond issue on which there is an unamortized discount of $36,000 is redeemed for $471,000. Journalize the redemption of the bonds. If an

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A $525,000 bond issue on which there is an unamortized discount of $36,000 is redeemed for $471,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank. Bonds Payable 525,000 Discount on Bonds Payable 36,000 Gain on Redemption of Bonds Cash

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