Backulay, the retires bonds at 103. The bonds had been issued at the face value of $460,000. The journal entry to record this retirement includes a Mulle holde bebit of $473,800 to Bonds Payable, a credit to Gain on Bond Reement of $800 and credit of $460.000 10 Cash debit of $473.800 to Bonds Payable and a credit of 5473.800 to Cash de $473.00 to Bond Payable a credit of $0.800 to Loss on Bond Reement and credit of $460,000 to Cash O BE OF S460.000 to Bonde Payable ecebit of $0.80 to Low on Bond Rovement, and a credit of SATI 800 no Canh $460.000 Bonds Payablet of 513 800 to Ganon tone Retirement and a credit of $473,500 to Cash Maxwell Manufacturing issued $480000, 10 years bonds at 98 The Journal entry to record the bond issuance will include a Multiple Choice debit to Premium on Bonds Payable for $38.400 credit to Discount on Bonds Payable for 59.600 credito Bonds Payable for $480.000 credit Bands Payable for $470.400 Bebe Confor $430,000 In the financial statements, Discount on Bonds Payable is: Multiple Choice O deducted from Bond Interest Expense. O deducted from Bonds Payable. added to Bonds Payable. a contra-equity account