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Redemption of Bonds Issued at a Discount Mutschelknaus Manufacturing sold bonds at a discount for $ 2 9 0 , 0 0 0 ( discount

Redemption of Bonds Issued at a Discount
Mutschelknaus Manufacturing sold bonds at a discount for $290,000(discount of $10,000) seven years ago.
a. The corporation redeems $25,000 of this issue at 97. The unamortized discount is $350.
b. The corporation redeems $30,000 of this issue at 99. The unamortized discount is $450.
Prepare journal entries to record the redemption in (a) and (b).
\table[[DATE,ACCOUNT TITLE,\table[[DOC. POST.],[NO. REF.]],DEBIT,1,CREDIT,],[,Bonds Pavable ,,,,,1],[,Discount on Bonds Pavable ,,,1),,2
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