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X Ch 10 & Apdx G: Homework lew Policies how Attempt History urrent Attempt in Progress Your answer is partially correct The following are independent situations. 1. Cheyenne Corp.redeemed $123,100 face value, 8% bonds on June 30, 2020, at 107. The carrying value of the bonds at the redemption date was $109.100. The bonds pay annual Interest, and the interest payment due on June 30, 2020, has been made and recorded. 2. Sheridan Company redeemed $144,000 face value, 15% bonds on June 30, 2020, at 96. The carrying value of the bonds at the redemption date was $146.000. The bonds pay annual Interest, and the interest payment due on June 30, 2020, has been made and recorded. For each independent situation above, prepare the appropriate journal entry for the redemption or conversion of the bonds. (Credit account titles are automatically indented when amount is entered. Do not Indent manually) Debit Credit No. Date Account Titles and Explanation 123.100 1. June 30 Bonds Payable 14 000 Premium on Bonds Payable Loss on Bond Redemption 131717