Question
Current Attempt in Progress The following are two independent situations L 2 Bossom Corporation redeemed $120,000 face value 10% bonds on June 30, 2022,
Current Attempt in Progress The following are two independent situations L 2 Bossom Corporation redeemed $120,000 face value 10% bonds on June 30, 2022, at 101. The carrying value of the bonds at the redemption date was $107,500. The bonds pay annual interest, and the interest payment due on June 30, 2022, has been mails and recorded Tastive Inc. redeemed $140,000 face value, 3000% bonds on June 30, 2022, at 95. The carrying value of the bonds at the rademption date was $141,000. The bands say annual interest, and the interest payment due on June 30, 2002, For each independe situation above prepare the appropriate journal entry for the redemption of the bonds Credit a No Account Titles and Explanation 2 Dua San P Ch Prana Debit Credit 130.000
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