Redemption of Bonds Payable

A $850,000 bond issue on which there is an unamortized discount of $85,000 is redeemed for $797,000.

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Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.

	Bonds Payable Cash Gain on Redemption of Bonds Interest Expense Interest Payable Notes Payable Correct 2	Correct 3	Correct 4
	Cash Interest Expense Interest Payable Loss on Redemption of Bonds Notes Payable Correct 5	Correct 6	Correct 7
	Bonds Payable Discount on Bonds Payable Interest Expense Interest Payable Notes Payable Correct 8	Correct 9	Correct 10
	Bonds Payable Cash Interest Expense Interest Payable Notes Payable Correct 11	Correct 12	Correct 13