Bayside Corporation retires its $500,000 face value bonds at 95 on January 1 , following the payment of interest. The carrying value of the bonds at the redemption date is $488,725. The entry to record the redemption will include a a. credit of $11,275 to Discount on Bonds Payable b. credit of $488,725 to Cash c. debit of $488,725 to Bonds Payable. d. debit of $13,725 to Loss on Bond Redemption