The following are two independent situations.

1.Cullumber Corporation redeemed $132,000face value,13% bonds on June 30, 2020, at107. The carrying value of the bonds at the redemption date was $117,500. The bonds pay annual interest, and the interest payment due on June 30, 2020, has been made and recorded.2.Tastove Inc. redeemed $170,000face value,17.50% bonds on June 30, 2020, at98. The carrying value of the bonds at the redemption date was $171,000. The bonds pay annual interest, and the interest payment due on June 30, 2020, has been made and recorded.

For each independent situation above, how do I prepare the appropriate journal entry for the redemption of the bonds?