Endive Corporation redeemed its $500,000 face value bonds at 105 on January 1, following the payment of annual interest. The carrying value of the bonds on the redemption date was $520,000. The entry to record the redemption will include a Select answer from the options below debit of $20,000 to Discount on Bonds Payable. debit of $5,000 to Loss on Bond Redemption. debit of $25,000 to Loss on Bond Redemption. credit of $500,000 to Bonds Payable