Question $18$

Not yet answered

Ten $$1,000$ bonds with an amortized cost of $$12,800$ are retired at $105$ after paying semi$-$annual interest. The entry to record the redemption is

Select one:

A$.$ Bonds Payable

$10,500$

$500$

$10,000$

B$.$ Bonds Payable

$10,000$

Loss on Bond Redemption

$500$

Cash

C$.$ Bonds Payable

$12,800$

Gain on Bond Redemption

Cash

D$.$ Bonds Payable

$12,800$

Cash

$12,800$