Question 1:

Question 2:

The following situations are independent of each other. a. Metlock, Inc redeemed $133,000 face value, 12% bonds on April 30, 2022, at 101 . The carrying value of the bonds at the redemption date was $121,500. The bonds pay annual interest, and the interest payment due on April 30, 2022, has been made and recorded. b. Carta Vista Ca. redeemed $163,000 face value, 19% bonds on June 30,2022 , at 95 . The carrying value of the bonds at the redemption date was $178,000. The bonds pary anmual interest, and the interest payment due on June 30,2022 has been made and recorded. For each situation, prepare the appropriate journal entry for the redemption of the bonds (Credif account titles are autoratically indented when amount is entered. Do not indent manually.] Aigust 1. Monty's yearend is December 31 . (a) Prepare the journal entry to recard the issuance of the bondk (Credit acomat tilles ere autonatically (a) Prepare the joumal entry to record the accrual of interest on December 31, 2022. (Crallit acceunt titfer are (c) Prepare the joumal entry to record the payment of interest on August 1, 2023. (Credit eccaunt titles are outanetically iedrated when amount is ealered, Do not indent manally.)