Assume the Following Account Balances Immediately After an Interest Payment $\begin{array} { | l | r | } \hline \text { Bonds Payable } & \$ 100,000 \\\hline \text { Premium on Bonds Payable } & 5,000 \\\hline\end{array}$

Assume the following account balances immediately after an interest payment date: $\begin{array} { | l | r | } \hline \text { Bonds Payable } & \$ 100,000 \\\hline \text { Premium on Bonds Payable } & 5,000 \\\hline\end{array}$ If the bonds are retired immediately at a total cost of $104,000,the journal entry to record this event is:

A) $\begin{array}{|l|lcc|} \hline \text { Cash} &104,000\\\hline \text { Loss on Bond Retirement} &1,000\\\hline \text { Premium on Bonds Payable} & 5,000\\ \hline\text { Bonds Payable } &100,000\\\hline\end{array}$

B) $\begin{array}{|l|lcc|} \hline \text { Bonds Payable} &100,000\\\hline \text { Premium on Bonds Payable} &5,000\\\hline \text {Cash} &104,000\\ \hline\text { Gain on Bond Retirement } &1,000\\\hline\end{array}$

C) $\begin{array}{|l|lcc|} \hline \text {Bonds Payable } & 100,000\\\hline \text { Loss on Bond Retirement } &9,000\\\hline \text { Premium on Bonds Payabl } & 5,000\\ \hline\text { Cash } & 104,000\\ \hline \end{array}$

D) None of these answers are correct.