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Longbine Corporation redeemed $130,000 face value, 12% bonds on June 30, 2017, at 102. The carrying value of the bonds at the redemption date was

Longbine Corporation redeemed $130,000 face value, 12% bonds on June 30, 2017, at 102. The carrying value of the bonds at the redemption date was $118,500. The bonds pay annual interest, and the interest payment due on June 30, 2017, has been made and recorded. Instructions: The journal entry includes

Select one: a. a credit to bonds payable 118500 b. a credit to discount on bonds payable 11500 c. a debit to loss on bonds redemption 15100 d. a debit to cash 132600

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