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JKJ issued $100,000, 5-year bonds at a premium. Prior to maturity, when the bonds' amortized...

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Accounting

JKJ issued $100,000, 5-year bonds at a premium. Prior to maturity, when the bonds' amortized cost is $104,000, the company redeems the bonds at 101. What will the journal entry include? Select answer from the options below credit to bonds payable $104,000 credit to gain on bond redemption $3,000 credit to cash $104,000 debit to bonds payable $101,000

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