Stevens Company has $200,000 par value of bonds outstanding. When the balance in Discount on Bonds Payable is $3,000 (after semi-am interest is paid and the discount is amortized), Stevens calls these bonds and pays 103 to the bondholders. The journal entry to record the of these bonds would include: o Debit to Loss on Bond Retirement of 7,000 O Debit to Bonds Payable of $197,000 Debit to Discount on Bonds Payable of $3.000 O Credit to Cash of $206.000 Question 49 A bond will issue/sell at a price that is equal to: O The present value of the bonds' cash payments at the stated rate of interest O The future value of the bonds' cash payments at the stated rate of interest O The present value of the bonds' cash payments at the market rate of interest O The future value of the bonds cash payments at the market rate of interest