A $200,000 Bond Issue with a Carrying Value of $194,000 $\begin{array}{llr} \text { Bonds Payable } &200,000\\ \text { Gain on Retirement of Bonds} &&6,000\\ \text { Cash } &&194,000\end{array}$

A $200,000 bond issue with a carrying value of $194,000 is called at 101 and retired.The entry to record the retirement of bonds would be:

A)
$\begin{array}{llr} \text { Bonds Payable } &200,000\\ \text { Gain on Retirement of Bonds} &&6,000\\ \text { Cash } &&194,000\end{array}$

B)
$\begin{array}{llr} \text {Bonds Payable } &200,000\\ \text { Cash} &&200,000\\\end{array}$

C)
$\begin{array} { l c r } \text { Bonds Payable } & 200,000\\\text { Loss on Retirement of Bonds } & 8,000 \\\quad \text { Unamortized Bond Discount } && 6,000 \\\text { Cash } && 202,000\end{array}$
D)
$\begin{array}{llr} \text { Bonds Payable } &194,000\\ \text { Loss on Retirement of Bonds } &&8,000\\ \text { Cash } &&&202,000\end{array}$