Discount Pizza retires its 5% bonds for $63,000 before their scheduled maturity. At the time, the bonds have a face amount of $65,600 and a carrying value of $60,874. Record the early retirement of the bonds. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 Bonds Payable 60,874 Premium on Bonds Payable 63,000 Gain