MC Qu. 132 The Titan retires a... The Titan retires a $25.3 million bond issue when the carrying value of the bonds is $21.6 million, but the market value of the bonds is $28.2 million. The entry to record the retirement will include: O A debit of $6.6 million to a loss account. O A credit of $6.6 million to a gain account. O A credit to cash for $21.6 million. No gain or loss on retirement