Discount Pizza retires its 5% bonds for $60,000 before their scheduled maturity. At the time, the...

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Discount Pizza retires its 5% bonds for $60,000 before their scheduled maturity. At the time, the bonds have a face amount of $62,300 and a carrying value of $57,976. Record the early retirement of the bonds. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the early retirement of bonds. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Bonds Payable Loss 62,300 2,024 Cash 60,000 Discount Pizza retires its 5% bonds for $60,000 before their scheduled maturity. At the time, the bonds have a face amount of $62,300 and a carrying value of $57,976. Record the early retirement of the bonds. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the early retirement of bonds. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Bonds Payable Loss 62,300 2,024 Cash 60,000