Kant Corporation retires its $500,000 face value bonds at 102 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $481,250. The entry to record the redemption will include a Question 11 options: a) credit of $18,750 to Loss on Bond Redemption. b) credit of $28,750 to Gain on Bonds Payable. c) debit of $28,750 to Loss on Bond Redemption. d) debit of $10,000 to Premium on Bonds Payable.

Kant Corporation retires its $500,000 face value bonds at 102 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $481,250. The entry to record the redemption will include a a) credit of $18,750 to Loss on Bond Redemption. b) credit of $28,750 to Gain on Bonds Payable. c) debit of $28,750 to Loss on Bond Redemption. O d) debit of $10,000 to Premium on Bonds Payable