A Bond Issue of $50,000 with a Carrying Value of $49,000

A bond issue of $50,000 with a carrying value of $49,000 is converted into $10 par value common stock at the rate of fifty shares for each $1,000 bond.The entry to record the conversion of bonds would be:

A)
$\begin{array}{l}\text { Bonds Payable } &50,000 \\\text { Loss on Retirement of Bonds } &&1,000\\\quad \text { Unamortized Bond Discount }&&&1,000 \\\quad \text { Common Stock }&&&50,000\end{array}$

B)
$\begin{array}{l}\text { Bonds Payable } \quad 50,000\\\begin{array} { l r } \text { Common Stock } & 25,000 \\\text { Additional Paid-In Capital } & 25,000\end{array}\end{array}$
C)
$\begin{array}{l}\text { Bonds Payable } \quad 50,000\\\begin{array} { l r } \text { Common Stock } & 25,000 \\\text { Additional Paid-In Capital } & 24,000 \\\text { Unamortized Bond Discount } & 1,000\end{array}\end{array}$
D)
$\begin{array} { l c r } \text { Bonds Payable } & 49,000 & \\ \text { Unamortized Bond Discount } && 1,000 & \\\quad \text { Common Stock } && & 25,000 \\\quad \text { Additional Paid-In Capital } && & 25,000\end{array}$