Remaining Time: 2 24 QUESTION 3 (a) Ball Corporation redeemed $380,000 (par value) of its bonds on June 30, 2017, at 102. The balance in the Discount on Bonds Payable account is $8,500. Therefore, the carrying value of the bonds on the redemption date was $371,500. The bonds pay annual interest and the interest payment due on June 30,2017 has been m Horton, Inc. redeemed $400,000 (par value) of its bonds at 96 on June 30, 2017. The carrying value of the bonds on the redemption date was $415,000, meaning the Premium on Bonds Payable account had a $15,000 balance. The bonds pay annual interest and the (b) BONUS Valley Company has $80,000 par value 10%, 12-year convertible bonds outstanding. These bonds were sold at face value and pay annual interest on December 31 of each year. Each $1,000 bonds is convertible into 40 shares of Valley $4 par value common stock. On December 31, 2017, after the bond interest has been paid, $30,000 par value of bonds (30 bonds) were converted. T tss lick Save and Submit to save and submit. Click Save All Save All Answ