Question 6 Presented below are two independent situations. 1. Blue plc redeemed 127,000 face value, 11% bonds on June 30, 2017, at 101. The carrying value of the bonds at the redemption date was 120,650. The bonds pay annual interest, and the interest payment due on June 30, 2017, has been made and recorded. 2. Kingbird Ltd. redeemed 149,200 face value, 13.5% bonds on June 30, 2017, at 99. The carrying value of the bonds at the redemption date was 151,100. The bonds pay annual interest, and the interest payment due on June 30, 2017, has been made and recorded. Prepare the appropriate journal entry for the redemption of the bonds in each situation. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. June 30 2. June 30