Redemption of Bonds Payable A $940,000 bond issue on which there is an unamortized premium of $64,000 is redeemed for $814,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank. Bonds Payable Premium on Bonds Payable Gain on Redemption of Bonds Cash V 940,000 64,000 814,000

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