Baylor Enterprises has bonds outstanding with a face value of $200,000 and a carrying value of $206,000 on December 31, 20x5. If the company calls in and retires these bonds on December 31, 20x5, for $210,000, the entry to record the retirement will include a
A) debit to Bonds Payable for $206,000.
B) credit to Cash for $206,000.
C) debit to Loss on Retirement of Bonds for $6,000.
D) debit to Loss on Retirement of Bonds for $4,000.
D
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