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Redemption of Bonds Payable A $1,200,000 bond issue on which there is an unamortized premium of $63,956 is redeemed for $1,250,000. Journalize the redemption of

Redemption of Bonds Payable A $1,200,000 bond issue on which there is an unamortized premium of $63,956 is redeemed for $1,250,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank. Bonds Payable Premium on Bonds Payable llll Gain on Redemption of Bonds Cash

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