Aerdale Company retires its bonds payable early at a price of 102. The bonds were issued at par and have a face value of $12,000,000. What journal entry will the company make to record the bond retirement? Dr. Cash 12,000,000 Dr. Loss on Bond Retirement 240,000 Cr. Bonds Payable 12,240,000 Dr. Cash 12,240,000 Cr. Gain on Bond Retirement 240,000 Cr. Bonds Payable 12,000,000 Dr. Bonds Payable 12,000,000 Dr. Loss on Bond Retirement 240,000 Cr. Cash 12,240,000 Dr. Bonds Payable 12,240,000 Cr. Gain on Bond Retirement 240,000 Cr. Cash 12,000,000