Question 2 of 10 < > -/5 !!! View Policies Current Attempt in Progress The following situations are independent of each other. a. b. Larkspur, Inc. redeemed $132,000 face value, 10% bonds on April 30, 2022, at 106. The carrying value of the bonds at the redemption date was $121,000. The bonds pay annual interest, and the interest payment due on April 30, 2022, has been made and recorded. Sunland Company redeemed $162,000 face value, 18.5% bonds on June 30, 2022, at 98. The carrying value of the bonds at the redemption date was $174,000. The bonds pay annual 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. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation a. April 30 b. June 30 Debit Credit List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer