Presented below are three independent situations. striations: For each independent situation above, prepare the appropriate journal entry for the redemption or conversion the bonds. Oolong Corporation retired $130,000 face value, 12% bonds on June 30, 2017. at 103. 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, Pine Inc retired $150,000 face value, 12 5% bonds on June 30.2017. at 97. 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