Recording Bond Redemption Darien Inc. redeemed $5,000 of its bonds at 102 on January 1, 2020. At this date, the unamortized discount was $690. Prepare the journal entry on January 1, 2020, for the bond redemption. Assume Darien has a December 31 year-end and all adjusting entries were made. Dr. Cr. 0 Date Account Name Jan. 1, 2020 Bonds Payable Loss on Redemption of Bonds Discount on Bonds Payable Cash 5,000 790 0 1 0 790 0 5,000