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The following situations are independent of each other. Marigold Corp, redeemed $127.000 face value, 13% bonds on April 30, 2022, at 103 The carrying value
The following situations are independent of each other. Marigold Corp, redeemed $127.000 face value, 13% bonds on April 30, 2022, at 103 The carrying value of the bonds at the redemption date was $112,500. The bonds pay annual interest, and the interest payment due on Agri 30, 2022, luas been made and recorded Cullumber Compary redeemed $157.000 face value, 175% bonds on June 30, 2022 at 9a. The carrying value of the bonds at the redemption date was $160.000 The bonds pay annual interest and the interest payment due on June 30, 2022. hos been made and recorded b. For each situation, prepare the appropriate journal entry for the redemption of the bonds. (Credit account tinies are automatically indented when amount is entered. Do not indent manuell) Debit Credit Date Account Titles and Explanation a April 30 b. June 30
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