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Redemption of Bonds Payable A $870,000 bond issue on which there is an unamortized premium of $83,000 is redeemed for $767,000. Journalize the redemption of

Redemption of Bonds Payable A $870,000 bond issue on which there is an unamortized premium of $83,000 is redeemed for $767,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.

Bonds Payable

Premium on Bonds Payable

Gain on Redemption of Bonds

Cash

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