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Redemption of Bonds Payable An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000. Journalize the redemption of

Redemption of Bonds Payable An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank. Discount on Bonds Payable Gain on Redemption of Bonds Interest Expense Interest Payable Loss on Redemption of Bonds Premium on Bonds Payable

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