Retired the bonds on December 31,2010, by paying 48,000 plus 3,000 interest. The amount they have on balance sheet is 50,000 for bonds payable.

Please read this announcement.
Announcement: (https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html)

If you do an advanced search for retirement of bonds, you will find some examples. I thought this one was helpful.

https://www.askmehelpdesk.com/accounting/retirement-bonds-portion-total-retired-546260.html

Does your question indicate any other info - when bonds were issued, what they were issued for, etc? Are there any other related accounts, such as discounts or premiums?

If you'll post your attempt, we will check it. Thanks.