BackBay, Inc retires bonds at 104 The bonds had been issued at their face value of $290,000 The journal entry to record this retirement includes a MC 1debit of $290,000 to Bonds Payable, a debit of $11,600 to Gain on Bond Retirement, and a credit of $301,600 to Cash 2debit of $301,600 to Bonds Payable and a credit of $301,600 to Cash 3debit of $290,000 to Bonds Payable, a debit of $11,600 to Loss on Bond Retirement, and a credit of $301,600 to Cash 4debit of $301,600 to Bonds Payable, a credit to Gain on Bond Retirement of $11,600 and a credit of $290,000 to Cash 5debit of $301,600 to Bonds Payable, a credit of $11,600 to Loss on Bond Retirement, and a credit of $290,000 to Cash

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BackBay, Inc  retires bonds at 104  The bonds had been issued at their face value of $290,000  The journal entry to record this retirement includes a MC 1debit of $290,000 to Bonds Payable, a debit of $11,600 to Gain on Bond Retirement, and a credit of $301,600 to Cash  2debit of $301,600 to Bonds Payable and a credit of $301,600 to Cash  3debit of $290,000 to Bonds Payable, a debit of $11,600 to Loss on Bond Retirement, and a credit of $301,600 to Cash  4debit of $301,600 to Bonds Payable, a credit to Gain on Bond Retirement of $11,600 and a credit of $290,000 to Cash  5debit of $301,600 to Bonds Payable, a credit of $11,600 to Loss on Bond Retirement, and a credit of $290,000 to Cash

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BackBay, Inc. retires bonds at 104. The bonds had been issued at their face value of $290,000. The journal entry to record this retirement includes

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