Presented below are three independent situations.

1.		Longbine Corporation 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 bonds pay annual interest, and the interest payment due on June 30, 2017, has been made and recorded.
2.		Tastove Inc. redeemed $150,000 face value, 12.5% bonds on June 30, 2017, at 98. The 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 recorded.
3.		Precision Company has $80,000, 8%, 12-year convertible bonds outstanding. These bonds were sold at face value and pay annual interest on December 31 of each year. The 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.

For each independent situation above, prepare the appropriate journal entry for the redemption or conversion of the bonds.