ID: A retirement of bonds is: carrying value of $103,000 is called at 101 and retired. The entry to record t a. Bonds Payable Loss on Retirement 101,000 of Bonds Cash 2,000 103,000 b. Bonds Payable 100,000 Unamortised Bond 3,000 Cash Gain on Retirement of Bonds 101,000 2,000 c. Bonds Payable 100,000 Loss on Retirement of Bonds 3,000 Cash 103,000 d. Bonds Payable 103,000 Cash 103,000 Hooper Corporation has bonds outstanding with a face value of S 100,000 and a carrying value of S 103 000 on December 31, 2010. If the company calls in and retires these bonds on December 31, 2010, for $105,000, the entry to record the retirement will include a a. debit to Bonds Payable for $103,000. b. credit to Cash for $103,000. c. debit to Loss on Retirement of Bonds for $3,000. d. debit to Loss on Retirement of Bonds for $2,000. . Term bonds are bonds that a. are also called serial bonds b. may be called and redeemed by the issuing corporation prior to their scheduled maturity t. date. are secured by specific assets of the issuing corporation. mature in one lump sum at a single maturity date. c. d. 12. When bonds tot of the bonds over the lfe of the bonds is equalto the amount of a. interest payments made over the life of the bonds minus the amount of issuance premium. b. issuance premium c. interest payments made over the life of the bonds plus the amount of issuance premium. d. interest payment made over the life of the bonds