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