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