A $300,000 bond issue with a carrying value of $311,000 is called at 103 and retired. The entry to record the retirement of bonds would be:
a. Bonds Payable 309,000
Cash 309,000
b. Bonds Payable 311,000
Cash 311,000
c. Cash 300,000
Bonds Payable 300,000
d. Bonds Payable 300,000
Unamortized Bond Premium 11,000
Cash 309,000
Gain on Retirement of Bonds 2,000
D
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