hi,

I need help in part D, I tried gain on redemption of bonds its coming wrong. but there is no option coming up for discount on bonds payable. so what would be yhe other option?

i posted whole qusstion from top to bottom

On July 1, 2020 Cullumber Limited issued bonds with a face value of $980,000 due in 20 years, paying interest at a face rate of 10% on January 1 and July 1 each year. The bonds were issued to yield 11%. The company's year-end was September 30. The company used the effective interest method of amortization. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. (a) Your answer is correct. Using 1. factor Tables 2. a financial calculator, or 3, Excel function PV, calculate the premium or discount on the bonds. (Round factor values to 5 decimal places, es. 1.25124 and final answer to 0 decimal places, e.g. 5,275.J Discount on bond 78626 $ eTextbook and Media Assistance Used List of Accounts Attempts: 1 of 2 used (b) Prepare a partial Bond Premium/Discount Amortization Schedule for Cullumber Limited. Only prepare the entries in the schedule for July 1, 2020, January 1, 2021, and July 1, 2021. (Round answers to 0 decimal places, eg. 5,275) 14/18 E I Your answer is correct. Prepare a partial Bond Premium/Discount Amortization Schedule for Cullumber Limited. Only prepare the entries in the schedule for July 1, 2020, January 1, 2021, and July 1, 2021. (Round answers to 0 decimal places, eg 5,275) Date Cash Paid Interest Expense Dut Amortized 1-Jul-20 1-Jan-21 1-Jul-21 eTextbook and Media List of Accounts (b) TA 49000 49000 49607 336 607 Attempts: 1 of 2 used 14/18 1 Attempts: 1 of 2 used (c) Your Answer Correct Answer Your answer is correct. Prepare the journal entry to record the issue of the bonds. (Credit account tities are automatically indented when the entered. Do not indent manually. If no entry is required, select "No Entry for the account sities and enter for the amounts Round to 0 decimal places, 5.275) Credit Date Account Titles and Explanation Debit w July 1 Bond Payable eTextbook and Media List of Accounts POLITY Attempts 2 of 2 used Attempt 2 of 2 used Your answer is partially correct. Prepare the year-end accrual entry for Cullumber Limited at September 30, 2020 Cet accent tres are automatically indented when the amount is entered. Do not indent manually. If no mtry is required, select "No Entry for the accountries and enter for the amounts Round onwers to O decimal places, eg 5,275) Date Account Titles and Explanation Debit Credit Sept. 30 | Exp 2009 Cain on Redemption of Bonds eTextbook and Media List of Accounts Attempts 1 of 2 used A Save for Later (e) The parts of this question must be completed in order this part will he valable when you complete the pa (d) 1C Myy