A 750000 bond was retired at 103 when the carrying value of, Financial Accounting

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A 750000 bond was retired at 103 when the carrying value of

A $750,000 bond was retired at 103 when the carrying value of the bond was $777,500. The entry to record the retirement would include a

loss on bond redemption of $22,500.

gain on bond redemption of $5,000.

loss on bond redemption of $5,000.

gain on bond redemption of $22,500.

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Financial Accounting: A 750000 bond was retired at 103 when the carrying value of

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Financial Accounting: A 750000 bond was retired at 103 when the carrying value of

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