Exhibit 14-11 Omega, Inc issued $100,000 of its 7% five-year bonds on January 1, 2014, at 98. Interest is paid on January 1 and July 1. The bonds are callable at 104 and straight-line amortization is used. The bonds are recalled on April 1, 2016. ? Refer to Exhibit 14-11. The journal entry to record the reacquisition of the bonds will include a
A) debit to Loss on Bond Redemption for $5,100.
B) credit to Gain on Bond Redemption for $5,000.
C) debit to Discount on Bonds Payable for $1,100.
D) debit to Loss on Bond Redemption for $5,200.
A
Business
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