- Your answer is partially correct. Carla Vista Corporation issued $390,000 of 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was $368,550, the company redeemed the bonds at 96. Prepare the entry to record the redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Bonds Payable Discount on Bonds Payable Gain on Bond Redemption Cash Debit 390000 21450 Credit 5850 362700