Early Retirement of Bonds Eaton Company issued $600,000 of eight percent, 20-year bonds at 106 on January 1, 2013. Interest is payable semiannually on July 1 and January 1. Through January 1, 2019, Eaton amortized $5,000 of the bond premium. On January 1, 2019, Eaton retired the bonds at 103 (after making the interest payment on that date). Prepare the journal entry to record the bond retirement on January 1, 2019. General Journal Description Debit Credit Date Jan.1 Bonds Payable 0 $ Td Bonds Payable Premium on Bonds Payable Please a Gain on Bond Retirement Cash