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The situations presented here are independent of each other. For each situation, prepare the appropriate journal entry for the redemption of the bonds. Culver Corporation
The situations presented here are independent of each other. For each situation, prepare the appropriate journal entry for the redemption of the bonds. Culver Corporation redeemed $150,000 face value, 12% bonds on April 30, 2022, at 103. The carrying value of the bonds at the redemption date was $135,450. The bonds pay annual interest, and the interest payment due on April 30, 2022, has been made and recorded. account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Apr. 30 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO Splish Brothers, Inc. redeemed $175,000 face value, 12.5% bonds on June 30, 2022, at 95. The carrying value of the bonds at the redemption date was $189,000. The bonds pay annual interest, and the interest payment due on June 30, 2022, has been made and recorded account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jun. 30
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