the end of the current year, the bond accounts of Taylor Services showed the following balances: Bonds Payable Discount on Bonds Payable $70,000 credit balance 4,000 debit balance The bonds were retired early for $81,000. What is the journal entry to record the retirement of the bonds? A) Bonds Payable Loss on Retirement of Bonds Payable Discount on Bonds Payable FB) Cash 70,000 15,000 4,000 81,000 Cash 81,000 Loss on Retirement of Bonds Payable 7,000 Discount on Bonds Payable 4,000 Bonds Payable 70,000 Cash 81,000 Discount on Bonds Payable 4,000 Gain on Retirement of Bonds Payable Bonds Payable 15,000 70,000 D) Bonds Payable 70,000 Gain on Retirement of Bonds Payable 15,000 Discount on Bonds Payable 4,000 Cash 81,000 the end of the current year, the bond accounts of Taylor Services showed the following balances: Bonds Payable Discount on Bonds Payable $70,000 credit balance 4,000 debit balance The bonds were retired early for $81,000. What is the journal entry to record the retirement of the bonds? A) Bonds Payable Loss on Retirement of Bonds Payable Discount on Bonds Payable FB) Cash 70,000 15,000 4,000 81,000 Cash 81,000 Loss on Retirement of Bonds Payable 7,000 Discount on Bonds Payable 4,000 Bonds Payable 70,000 Cash 81,000 Discount on Bonds Payable 4,000 Gain on Retirement of Bonds Payable Bonds Payable 15,000 70,000 D) Bonds Payable 70,000 Gain on Retirement of Bonds Payable 15,000 Discount on Bonds Payable 4,000 Cash 81,000