Question 5 Concord Corporation retires its $780000 face value bonds at 104 on January 1, following the payment of annual interest. The carrying value of the bonds at the redemption date is $809211. The entry to record the redemption will include a debit of $1989 to Loss on Bond Redemption. credit of $31239 to Premium on Bonds Payable. O credit of $1989 to Loss on Bond Redemption. debit of $31200 to Premium on Bonds Payable