A $50,000 bond issue with a carrying value of $47,000 is called at 102 and retired. The entry to record the retirement of bonds is:
A) Bonds Payable 50,000 Loss on Retirementof Bonds 4,000Unamortized BondDiscount 3,000Cash 51,000
B) Bonds Payable 47,000 Cash 51,000
C) Bonds Payable 50,000 Gain on Retirementof Bonds 3,000Cash 47,000
D) Bonds Payable 50,000 Loss on Retirementof Bonds 1,000Cash 51,000
A
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