Arab Corporation retires its bonds at 101 on January 1, following the payment of annual interest. The face value of the bonds is $800000. The carrying value of the bonds at the redemption date is $806000. The entry to record the redemption will include a O a. debit of $806000 to Bonds Payable. O b. credit of $6000 to Loss on Bond Redemption. O c. credit of $2000 to Gain on Bond Redemption. d. debit of $8000 to Bonds Payable. Jordan Company purchased a building on January 1 by signing a long-term $300,000 mortgage with quarterly payments of $9,300. The mortgage carries an interest rate of 10%. The entry to record the first quarterly payment will include a credit to the Mortgage Payable account for $9300. debit to the Cash account for $9300. debit to the Interest Expense account for $7500. o credit to the Mortgage Payable account for $1800. Jordan Company purchased a building on January 1 by signing a long-term $300,000 mortgage with quarterly payments of $9,300. The mortgage carries an interest rate of 10%. The entry to record the first quarterly payment will include a credit to the Mortgage Payable account for $9300. O debit to the Cash account for $9300. debit to the Interest Expense account for $7500. credit to the Mortgage Payable account for $1800