Vaughn Manufacturing retires its bonds at 105 on January 1, following the payment of annual...
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Vaughn Manufacturing retires its bonds at on January following the payment of annual interest. The face value of the bonds is $ The carrying value of the bonds at the redemption date is $ The entry to record the redemption will include a credit of $ to Gain on Bond Redemption. debit of $ to Premium on Bonds Payable. debit of $ to Premium on Bonds Payable. credit of $ to Loss on Bond Redemption. 
Vaughn Manufacturing retires its bonds at on January following the payment of annual interest. The face value of the bonds is $ The carrying value of the bonds at the redemption date is $ The entry to record the redemption will include a
credit of $ to Gain on Bond Redemption.
debit of $ to Premium on Bonds Payable.
debit of $ to Premium on Bonds Payable.
credit of $ to Loss on Bond Redemption.
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