Bonds Payable has a balance of

$892,000

, and Premium on Bonds Payable has a balance of

$9,812

. If the issuing company redeems the bonds at 102, what is the amount of gain or loss on redemption?\ a.

$8,028

loss\ b. 59,812 loss\ c.

$9,812

gain\ d. 58,028 gain

Bonds Payable has a balance of $892,000, and Premium on Bonds Payable has a balance of $9,812. If the issuing company redeems the bonds at 102, what is the amount of gain or loss on redemption? a. 58,028 loss b. 59,812 loss c. $9,812 galn d. 58,028 gain