Tyrell Company issued callable bonds with a par value of $46,000. The call option requires Tyrell to pay a call premium of $500 plus par (or a total of $46,500) to bondholders to retire the bonds. On July 1, Tyrell exercises the call option. The call option is exercised after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds under each separate situation 1. The bonds have a carrying value of $36,000. 2. The bonds have a carrying value of $47,000. View transaction list View journal entry worksheet Por No Dato Credit Debit 46,000 1 July 01 General Journal Bonds payable Loss on Retirement of Bonds Cash Discount on bonds payable 2 July 01 46,000 Bonds payable Premium on bonds payable