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please do PARTS A AND B The situations presented here are independent of each other. For each situation, prepare the appropriate journal entry for the
please do PARTS A AND B
The situations presented here are independent of each other. For each situation, prepare the appropriate journal entry for the redemption of the bonds. (a) Flounder Corp.redeemed $124,000 face value, 10% bonds on April 30, 2022, at 105. The carrying value of the bonds at the redemption date was $111,972. The bonds pay annual interest, and the interest payment due on April 30, 2022, has been made and recorded. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Apr. 30 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 10 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part aboveStep by Step Solution
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