A $300,000 Bond Issue with a Carrying Value of $311,000 $\begin{array}{llr} \text { Bonds Payable} &309,000 \\ \text { Cash } &&309,000\\\end{array}$

A $300,000 bond issue with a carrying value of $311,000 is called at 103 and retired.The entry to record the retirement of bonds would be:

A)
$\begin{array}{llr} \text { Bonds Payable} &309,000 \\ \text { Cash } &&309,000\\\end{array}$

B)
$\begin{array}{llr} \text { Bonds Payable} &311,000 \\ \text { Cash } &&311,000\\\end{array}$

C)
$\begin{array}{llr} \text { Cash} &300,000 \\ \text { Bonds Payable } &&300,000\\\end{array}$

D)
$\begin{array}{llr} \text { Bonds Payable } &300,000\\ \text { Unamortized Bond Premium} &&11,000\\ \text {Cash } &&&309,000\\ \text { Gain on Retirement of Bonds } &&&2,000 \end{array}$