Question 21 Cullumber Company had bonds outstanding with a maturity value of $270,000. On April 30, 2020, when these bonds had an unamortized discount of $11,000, they were called in at 105. To pay for these bonds, Cullumber had issued other bonds a month earlier bearing a lower interest rate. The newly issued bonds had a life of 10 years. The new bonds were issued at 102 (face value $270,000). Ignoring interest, compute the gain or loss. Loss on redemption Entry" for the account titles and enter o for the amounts. Credit account titles are automatically Ignoring interest, record this refunding transaction. (If no entry is required, select Indented when amount is entered. Do not indent manually.) Credit Debit Account Titles and Explanation (To record redemption of bonds payable) (To record issuance of new bonds) Open Show Work Click if you would like to Show Work for this question: stien Attempts: 0 of 1 used SUBMIT