Presented below are three independent situations.

L Voris Corporation retired $130,000 face value, 12% bonds on June 30,2006, at 102. The carrying value of the bonds at the redemption date was $107,500. The bonds pay semiannual interest, and the interest payment due on June 30, 2006, has been made and recorded.

2. Lamp Inc. retired $150,000 face value, 12.5% bonds on June 30, 2006, at 98. The carrying value of the bonds at the redemption date was $151,000. The bonds pay semiannual interest, and the interest payment due on June 30, 2006, has been made and recorded.

3. Keho Company has $80,000, 8%, 12-year convertible bonds outstanding. These bonds were sold at face value and pay semiannual interest on June 30 and December 31 of each year.

The bonds are convertible into 30 shares of Keho $5 par value common stock for each $1 .000 worth of bonds. On December 31, 2006, after the bond interest has been paid, $40,000 face value bonds were converted. The market value of Keho common stock was $44 per share on December 31, 2006.

Instructions For each independent situation above, prepare the appropriate journal entry for the redemption or conversion of the bonds.