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The following are two independent situations. 1. Ivanhoe plc. redeemed 136,000 face value, 13% bonds on June 30, 2020, at 102. The carrying value of

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The following are two independent situations. 1. Ivanhoe plc. redeemed 136,000 face value, 13% bonds on June 30, 2020, at 102. The carrying value of the bonds at the redemption date was 123,500. The bonds pay annual interest, and the interest payment due on June 30, 2020, has been made and recorded. 2. Tastove Inc. redeemed 148,000 face value, 10% bonds on June 30, 2020, at 98. The carrying value of the bonds at the redemption date was 150,350. 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 of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) For each independent situation above, prepare the appropriate journal entry for the redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2

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