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Blossom Company redeemed $146,000 face value, 14% bonds on April 30, 2022, at 103. The carrying value of the bonds at the redemption date was

Blossom Company redeemed $146,000 face value, 14% bonds on April 30, 2022, at 103. The carrying value of the bonds at the redemption date was $133,500. The bonds pay annual interest, and the interest payment due on April 30, 2022, has been made and recorded.
b. Wildhorse Co. redeemed $176,000 face value, 18.5% bonds on June 30, 2022, at 96. The carrying value of the bonds at the redemption date was $187,000. The bonds pay annual interest, and the interest payment due on June 30, 2022, has been made and recorded.

For each situation, prepare the appropriate journal entry for the redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

a.

April 30

enter an account title for the journal entry on April 30

enter a debit amount

enter a credit amount

enter an account title for the journal entry on April 30

enter a debit amount

enter a credit amount

enter an account title for the journal entry on April 30

enter a debit amount

enter a credit amount

enter an account title for the journal entry on April 30

enter a debit amount

enter a credit amount

b.

June 30

enter an account title for the journal entry on June 30

enter a debit amount

enter a credit amount

enter an account title for the journal entry on June 30

enter a debit amount

enter a credit amount

enter an account title for the journal entry on June 30

enter a debit amount

enter a credit amount

enter an account title for the journal entry on June 30

enter a debit amount

enter a credit amount

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