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Presented below are two independent situations. For each of the independent situations, prepare the journal entry to record the retirement or conversion of the bonds.

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Presented below are two independent situations. For each of the independent situations, prepare the journal entry to record the retirement or conversion of the bonds. (a) Company Fredeemed $580,000 of its bonds on June 30,2025 , at 103 and immediately retired them. The carrying value of the bonds on the retirement date was $514,000. The bonds pay annual interest and the interest payment due on June 30,2025 has been made and recorded. (Credit account tilles are automatically indented when the amount is entered Do not indent manual), List all debit entries before oredit entries. If no entry is requirnt, select "No Entry" for the account titles and enter Ofor the amounts) List of Accounts Attemots 0 of 1 used (b) The parts of this question mest be combleted ln order. Thas part will te avalable nhen you complete the part about

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