A $100,000 Bond Issue with a Carrying Value of $94,000

Multiple Choice

A $100,000 bond issue with a carrying value of $94,000 is called at 102 and retired.The entry to record the retirement of bonds would be:

A) Bonds Payable 100,000
Loss on Retirement of Bonds 8,000
Unamortized Bond Discount 6,000
Cash 102,000
B) Bonds Payable 94,000
Cash 94,000
C) Bonds Payable 100,000
Gain on Retirement of Bonds 6,000
Cash 94,000
D) Bonds Payable 100,000
Loss on Retirement of Bonds 2,000
Cash 102,000