The situations presented here are independent of each other. For each situation, prepare the appropriate journal entry for the redemption of the bonds.

a.

Whispering Winds Corp. redeemed $ 174,000 face value, 9% bonds on April 30, 2017, at 104. The carrying value of the bonds at the redemption date was $ 157,221. The bonds pay annual interest, and the interest payment due on April 30, 2017, has been made and recorded.

b. Shamrock, Inc., redeemed $ 176,000 face value, 13.0% bonds on June 30, 2017, at 97. The carrying value of the bonds at the redemption date was $ 190,494. The bonds pay annual interest, and the interest payment due on June 30, 2017, has been made and recorded.