The following are independent situations. Skysong, Inc. redeemed S 120,600 face value, 9% bonds on June 30, 2020, at 105. The carrying value of the bonds at the redemption date was $106,100. The bonds pay annual interest, and the interest payment due on June 30, 2020, has been made and recorded 1 2 Oriole Company redeemed $154,000 face value, 13% bonds on June 30, 2020, at 96. The carrying value of the bonds at the redemption date was $158,000. 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. (Credlt account tities are automatlcally Indented when amount is entered. Do not Indent manually.) No. Date Account Titles and Explanation Debit Credit 1. June 30 Bonds Payable 120600 Loss on Bond Redemption Cash Discount on Bonds Payable 2. June 30Bonds Payable Premium on Bonds Payable Cash Gain on Bond Redemption