(c) On January 1, 2017, when the carrying value of the bonds was $460,720, the company redeemed the bonds at 106. Record the redemption of the bonds assuming that interest for the period has already been paid. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1, 2017 Bonds Payable Debit Credit $443,000 Premium on Bonds Payable ! Loss on Bond Redemption