signment 10-Chapter 10 CCT 209: Survey of Accounting Principles Subscriptions / Courses "ACCT 209: Survey of Accounting Principles/Chapter 10 HW Assignment QUESTION 2 Not yet answered Marked out of 1.00 P Flag question Elston Company issued $500,000 of eight percent, 20-year bonds at 106 on January 1, 2010. Interest is payable semiannually on July 1 and January 1. Through January 1, 2016, Elston amortized $5,000 of the bond premium. On January 1, 2016, Elston retired the bonds at 103 (after making the interest payment on that date). Determine the amount of gain or (loss) that Elston would record on the bond retirement. Answer Save Answers Previous page Next page MacBook Air FS F7 FB F9 4 5