which-accounts-are-affected-when-recording-the-retirement-of-bonds-with-a-gain

Question

Which accounts are affected when recording the retirement of bonds with a gain?

Accepted Answer

Bonds Payable, Discount on Bonds Payable, Cash, Gain on Retirement

Answer

Bonds Payable, Discount on Bonds Payable, Cash, Interest Expense

Answer

Bonds Payable, Premium on Bonds Payable, Cash, Loss on Retirement

Answer

Bonds Payable, Interest Expense, Cash