For each of the independent situations presented below, prepare the journal entry to record the retirement or conversion of the bonds (a) Debra Corporation purchased $690,000 of its bonds on June 30, 2020, at 103 and immediately retired them. The carrying value of the bonds on the retirement date was $620,000. The bonds pay annual interest and the interest payment due on June 30, 2020, has been made and recorded. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit June 30 Bonds Payable Loss on Bond Redemption Discount on Bonds Payable a 9 72F e to search muridny Date Account Titles and Explanation Debit Credit June 30 Bonds Payable Loss on Bond Redemption Discount on Bonds Payable Cash Attempts:0 of 1 used Submit Anwar Save for later Last saved 21 minutes ago. Saved work will be auto-submitted on the due date. Auto submission can take up to 10 minutes. (b) a 72"F 11 * 2 O Et