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Question 24 View Polices Current Attempt in Progress The situations presented here are independent of each other For each situation, prepare the appropriate journal entry

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Question 24 View Polices Current Attempt in Progress The situations presented here are independent of each other For each situation, prepare the appropriate journal entry for the redemption of the bonds. Part 1 Martinez Corredeemed $150 000 Face Value 11% bonds on April 30, 2017 at 104 The carrying value of the bonds at the redemption date was $142.764. The bonds payannual interest and the interest payment due on April 30, 2017 has been made and recorded. Credit account sites are automatically indented when amount is entered. Do not indent manually Date Credit Debit Account Titles and Explanation Apr. 30 Part2 Tamaris incredeemed $211.000 face value. 13.5% bond on June 30, 2017 at 97. The carrying value of the bonds at the redemption date was $228,376. The bonds pay annual interest and the interest payment due on June 30, 2017, has been made and recorded. Credit account r e outomatically indented when amount is entered. Do not inders manually) Debit Credit Date Account Titles and Explanation 30 int List of Accounts Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Accrued Pension Liability Bonds Payable Buildings Cash Common Stock Cost of Goods Sold Current Portion of Long-Term Debt Depreciation Expense Discount on Bonds Payable Dividends Equipment Federal Income Taxes Payable Federal Unemployment Taxes Payable FICA Taxes Payable Gain on Bond Redemption Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Inventory Land Loss on Bond Redemption Mortgage Payable No Entry Notes Payable Other Operating Expenses Payroll Tax Expense Premium on Bonds Payable Prepaid Insurance Property Taxes Payable Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Sales Taxes Payable Service Revenue Share Premium-Conversion Equity State Income Taxes Payable State Unemployment Taxes Payable Subscription Revenue Ticket Revenue Unearned Rent Revenue Unearned Sales Revenue Unearned Service Revenue Unearned Subscription Revenue

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