A $200,000 bond issue with a carrying value of $194,000 is called at 101 and retired. The entry to record the retirement of bonds would be:
a. Bonds Payable 200,000
Gain on Retirement of Bonds 6,000
Cash 194,000
b. Bonds Payable 200,000
Cash 200,000
c. Bonds Payable 200,000
Loss on Retirement of Bonds 8,000
Unamortized Bond Discount 6,000
Cash 202,000
d. Bonds Payable 194,000
Loss on Retirement of Bonds 8,000
Cash 202,000
C
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