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Birzeit Corporation retires its $100,000 face value bonds at 104 on January 1, following the payment of interest. The carrying value of the bonds at

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Birzeit Corporation retires its $100,000 face value bonds at 104 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $106,145. The entry to record the redemption will include a Select one: O a. credit of $2,145 to Gain on Bond Redemption. O b. debit of $6,145 to Discount on Bonds Payable. O c. credit of $6,145 to Premium on Bonds Payable. O d. debit of $2,145 to Loss on Bond Redemption. X

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