Exercise 15-08 The following are two independent situations 1. Sandhill Corporation redeemed $125,700 face value, 10% bonds on June 30, 2020, at 108. The carrying value of the bonds at the redemption date was $114,200. The bonds payannual interest and the Interest payment due on June 30, 2020, has been made and recorded 2. Testove Inc redeemed $155.000 face value, 19 50% bonds on une 30, 2020. The carrying value of the bond the redemption date was 5166.000. The bonds pay s , and the interest payment due on une 30, 2020, has been made and recorded ante. Do For each independent situation above, prepare the appropriate journal entry for the redemption of the bonds. (Cred account tres are automatically indented when amount not indent manually.) Account Tities and Explanation Dab th