l Hele I PRIN OF ACCOUNTING (BTA Weygandt, Accounting Principles, 12e Gradebook ORION D le eT nt 1. Longbine C redeemed $130,000 face value, 12% bonds on June 30, 2017, at 102. The carrying value of the bonds at the redemption date was $117,500. The bon and the interest payment due on June 30, 2017, has been made and recorded. pay annual interest, $150,000 face value, 12.5% bonds on June 30, 2017, at 98The carrying value of the bonds at the redemption date was $151,000. The bonds pay annual interest, and the interest payment due on June 30, 2017, has been made and Precision Company has S80.000, 8%, 12-year convertible bonds ou bonds are convertible into 30 shares of Precision $5 par value common stock for each $1,000 worth of bonds. On December 31, 2017, after the bond interest has been paid, $20,000 face value bonds were converted. The market price of Precision common stock was $44 per share on December 31, 2017 : 3. These bonds were sold at face value and pay annual interest on December 31 of each year. The e the appropriate journal entry for the redemption or conv on of the bonds. (Credit account titles are automatically indent when amount is ent Do not indent manually.) No. Account Titles and Explanation Credit