A $50,000 Bond Issue with a Carrying Value of $47,000

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 would be:

A)
$\begin{array}{llr} \text { Bonds Payable } &50,000\\ \text { Loss on Retirement of Bonds} &&4,000\\ \text { Unamortized Bond Discount} &&&3,000\\ \text { Cash } &&&51,000 \end{array}$

B)
$\begin{array}{llr} \text { Bonds Payable } &47,000\\ \text { Cash } &&47,000 \\\end{array}$

C)
$\begin{array}{llr} \text { Bonds Payable } &50,000\\ \text { Gain on Retirement of Bonds} &&3,000\\ \text { Cash } &&47,000\end{array}$

D)
$\begin{array}{ll}\text { Bonds Payable } & 50,000 \\\text { Loss on Retirement of Bonds } &&1,000 \\\quad \text { Cash } && 51,000 \\\end{array}$