Cerner Industrial Inc.retires its bonds (par value $100,000) at 105 on January 1 immediately following the payment of semiannual interest.The carrying value of the bonds at retirement date is $103,745.Cerner's journal entry to record the retirement will include a
A) Credit to Premium on Bonds
B) Debit to Premium on Bonds
C) Debit to Discount on Bonds
D) Credit to Gain on Retirement of Bonds
E) Credit to Bonds Payable
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