Question 17 (1 point) Belle Corporation retires its bonds at 105 on January 1, following the...

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Question 17 (1 point) Belle Corporation retires its bonds at 105 on January 1, following the payment of annual interest. The face value of the bonds is $600,000. The carrying value of the bonds at the redemption date is $621,500. The entry to record the redemption will include a a) credit of $8,500 to Gain on Bond Redemption. b) credit of $21,500 to Loss on Bond Redemption. c) debit of $30,000 to Premium on Bonds Payable. d) debit of $21,500 to Premium on Bonds Payable. Question 17 (1 point) Belle Corporation retires its bonds at 105 on January 1, following the payment of annual interest. The face value of the bonds is $600,000. The carrying value of the bonds at the redemption date is $621,500. The entry to record the redemption will include a a) credit of $8,500 to Gain on Bond Redemption. b) credit of $21,500 to Loss on Bond Redemption. c) debit of $30,000 to Premium on Bonds Payable. d) debit of $21,500 to Premium on Bonds Payable.