The following are independent situations. 1 Cullumber Company redeemed $120,000 face value, 8% bonds on June 30, 2019, at 102. The carrying value of the bonds at the redemption date was $110,000 2. Blossom Company redeemed $140,000 face value, 10% bonds on June 30, 2019, at 93, The carrying value of the bonds at the redemption date was $141,000 The bonds pay annual interest, and the interest payment due on June 30, 2019, has been made and recorded. The bonds pay annual interest, and the interest payment due on June 30, 2019, 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 automaticall indented when amountis entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit . June 30 Bonds Payable 120000 Loss on Bond Redemption 9600 Cash 122400 Discount on Bonds Payable 10000