Acct 2

Presented below are two independent situations: a) Hillman Corporation redeemed $250,000 of its bonds on June 30,2022 , at 103 . The amoitized cost of the bonds on the retirement $247,700. The bonds pay semi-annual interest and the interest payment due on June 30,2022 , has been made and recorded. b) Dalton Inc. redeemed $250,000 of its bonds at 97 on June 30,2021 . The amortized cost of the bonds on the retirement date was $256,500. The bonds pay semi-annual interest and the interest payment due on June 30,2021 , has been made and recorded. Instructions For each of the independent situations, prepare the journal entry to record the retirement or conversion of the bonds