Concord Corporation retires its $360000 face value bonds at 101 on January 1 , following the payment of interest. The carrying value of the bonds at the redemption date is $346500. The entry to record the redemption will include a debit of $3600 to Premium on Bonds Payable. credit of $13500 to Loss on Bond Redemption. credit of $13500 to Discount on Bonds Payable. debit of $17100 to Gain on Bond Redemption