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Kant Corporation retires its $300,000 face value bonds at 102 on January 1, after the payment of interest. The carrying value of the bonds at

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Kant Corporation retires its $300,000 face value bonds at 102 on January 1, after the payment of interest. The carrying value of the bonds at the redemption date is $288,750. The entry to record the redemption will include a Select one: a. credit of $11,250 to Loss on Bond Redemption. b. debit of $11,250 to Discount on Bonds Payable. c. debit of $17,250 to Loss on Bond Redemption. d. debit of $16,000 to Premium on Bonds Payable

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