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On January 1, 2016, the Randolph Corp. has a Bonds Payable account with a balance of 100,000 and a related Bond Discount account with a
On January 1, 2016, the Randolph Corp. has a Bonds Payable account with a balance of 100,000 and a related Bond Discount account with a balance of $8,500. On that day Randolph redeems the bonds at 106 . Randolph will record a of? on the redemption of these bonds. Use the following abbreviations in the first blank for the gain or loss on the redemption of the bonds: G for Gain L for Loss The second blank is for the amount of the gain or loss. Do not use the $ sign or decimal in the answer. Commas are ok
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