A $515000 bond was retired at 98 when the carrying value of the bond was $505000. The entry to record the retirement would include a O loss on bond redemption of $300. O loss on bond redemption of...

Question-based on, 'Entry for retirement".

I have tried but confused about it.

Any help would be appreciated.

Extracted text: A $515000 bond was retired at 98 when the carrying value of the bond was $505000. The entry to record the retirement would include a O loss on bond redemption of $300. O loss on bond redemption of $10000. O gain on bond redemption of $300. O gain on bond redemption of $10000.