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Ivanhoe Corporation retires its $360000 face value bonds at 106 on January 1 , following the payment of interest. The carrying value of the bonds

image text in transcribed Ivanhoe Corporation retires its $360000 face value bonds at 106 on January 1 , following the payment of interest. The carrying value of the bonds at the redemption date is $373482. Ivanhoe's entry to record the redemption will include a credit of $13482 to Loss on Bond Redemption. credit of $8118 to Gain on Bond Redemption. debit of $13482 to Premium on Bonds Payable. debit of $21600 to Premium on Bonds Payable

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