Bonds Payable has a balance of $903,000 and Discount on Bonds Payable has a balance of $10,836. If the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption? a. $7,224 gain b. $10,836 loss c. $10,836 gain d. $7,224 loss

Bonds Payable has a batance of $903,000 and Discount on Bonds Payable has a balance of $10,836. If the issuing corporabon redeems the bonds at 93 , what is the amount of gsin or loss on redemption? 1. 57.244 gan h. 516k36 kes c. 510,336 fain d. 57,224 los