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The following are two independent situations. 1. Pharoah plic redeemed f131,500 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. Pharoah plic redeemed f131,500 face value, 13\$ bonds on June 30, 2020, at 102. The carrying value of the bonds at the redemption date was 119,000. The bonds pay annual interest, and the interest payment due on June 30,2020 . has been made and recorded. 2. Tastove inc- redeemed 144,000 face value, 12% bonds on June 30,2020 , at 98 . The carrying value of the bonds at the redemption date was E145,300. 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 tites ore outomatically indented when amount is entered. Do not indent manually.) eTextbook and Media List of Accounts

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