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Which entry to record the redemption will include

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Problem 1: Kant Corporation retires its $500,000 face value bonds at 102 on April 30. The unamortized discount of the bonds at the redemption date is $18,750. The entry to record the redemption will include:

a. credit of $18,750 to Loss on Bond Redemption.
b. credit of $18,750 to Premium on Bonds Payable.
c. debit of $28,750 to Gain on Bond Redemption.
d. debit of $28,750 to Loss on Bond Redemption.

Reference no: EM132744723

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