Oriole Capital Ltd. issued 550 $1,000 bonds at 105. After issuance, similar bonds were sold at 99. Assume that Oriole Capital Ltd. follows ASPE and valued the debt component of the instruments first, applying the residual to the equity component. On a date when the bonds had a carrying value of $546,000 and fair value of $548,390, Oriole paid $590,000 in cash to the bondholders to retire the bonds early. Record the retirement using the book value method

Account Titles and Explanation	Debit	Credit
Bond Payable	enter a debit amount	enter a credit amount
Contributed Surplus-Conversion Rights	enter a debit amount	enter a credit amount
Loss of Redemption of Bond	enter a debit amount	enter a credit amount
Retain Earning	enter a debit amount	enter a credit amount
Cash	enter a debit amount	enter a credit amount