Presented below are two independent situations: i) Horton Company redeemed $400,000 face value, 12% bonds at 96 on July 31, 2019. The carrying value of the bonds on the retirement date was $428,500. The bonds pay annual interest and the interest payment due on July 31, 2019, has been made and recorded. ii) Ball Corporation retired $380,000 face value, 10% bonds on September 30, 2019, at 101. The carrying value of the bonds on the retirement date was $371,500. The bonds pay annual interest and the interest payment due on September 30, 2019, has been made and recorded. REQUIRED: For each of the independent situations, prepare the journal entry to record the retirement of the bonds before maturity