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)
$\begin{array} { l r r } \text { Bonds Payable } & 50,000 & \\ \text { Loss on Retirement of Bonds } & 4,000 & \\\quad \text { Unamortized Bond Discount } & & 3,000 \\\quad \text { Cash } && 51,000\end{array}$
B)
$\begin{array}{l}\text { Bonds Payable }&47,000 \\\text { Cash }&&47,000 \end{array}$
C)
$\begin{array}{llr} \text { Bonds Payable} &50,000\\ \text { Gain on Retirement of Bonds } &&3,000\\ \text { Cash} &&47,000\end{array}$

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