14-4 For each independent situation below, prepare the appropriate journal entry for the retirement. a) Noble Corporation retired $130,000 face value, 12% bonds on June 30, 2018, at a price of 102. The carrying (book) value of the bonds at the retirement date was $107,500. The bonds pay semiannual interest and the interest payment due on June 30, 2018, has been made and recorded. b) Vargas, Ino, retired $150,000 face value, 12.5% bonds on June 30, 2018 at a price of 96. The carrying (bdok) value of the bonds at the redemption date was $151,000. The bonds pay semi- annual interest and the interest payment due on June 30, 2018, has been made and recorded. la | 14-4 2018 30-Jun Bonds Payable Loss on Bond Retirement Disc. on Bonds Pay. Cash (b) 30-Jun Bonds Payable Premium on Bonds Payable Gain on Bond Retirement - Cash L