Completion Status: Smith Corporation redeems $100,000 in face value bonds by repaying the bond holders $105,000 in cash. The bonds currently have a carrying value of $102,000 on the redemption date. What is the journal entry that Smith Corporation will receed upon the redemption of these bonds? Debit Bonds Payable $100,000; Debit Premium on Bonds Payable $2,000; Credit Cash $102,000 O Debit Bonds Payable $100,000; Debit Premium on Bonds Payable $2,000; Debit Loss on Redemption $3,000; Credit Cash $105,000 O Debit Cash $105,000; Credit Gain on Redemption $3,000, Credit Premium on Bonds Payable $2,000 Crede: Bonds Paybale $100,000 Debit Bonds Payable $100,000; Debit Loss on Redemption $5,000; Credit Cash $105,000 QUESTION 28 On July 1, 2020, Toadette Corporation issues $360,000 in bonds at face value. These bonds have a 5-year term and they bear interest at 8% and interest is paid annually. Based on this information, what is the adjusting entry required to record interest expense for the month of July 2020 (.e. the entry required on July 31, 2020)? O Debit-Interest Expense $2,400; Credit Interest Payable $2,400 Debit-Interest Expense $28,800; Credit - Interest Payable $28,800 Debit-Interest Expense $2,400; Credit Cash $2,400 3 points Sev Sewer Save and S