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Red, White & Blue Inc. issued $500,000, 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds is $496,000, the

Red, White & Blue Inc. issued $500,000, 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds is $496,000, the company redeems the bonds at 98. Prepare the entry to record the redemption of the bonds. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS >TT TT Paragraph Arial T 10pt A 7 v Ix T P

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