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

(a)

Correct answer iconYour answer is correct.

Whispering Winds Corp. redeemed $146,000 face value, 9% bonds on April 30, 2022, at 104. The carrying value of the bonds at the redemption date was $131,838. The bonds pay annual interest, and the interest payment due on April 30, 2022, has been made and recorded. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Apr. 30	enter an account title for the journal entry on April 30enter an account title for the journal entry on April 30	enter a debit amountenter a debit amount	enter a credit amountenter a credit amount
	enter an account title for the journal entry on April 30enter an account title for the journal entry on April 30	enter a debit amountenter a debit amount	enter a credit amountenter a credit amount
	enter an account title for the journal entry on April 30enter an account title for the journal entry on April 30	enter a debit amountenter a debit amount	enter a credit amountenter a credit amount
	enter an account title for the journal entry on April 30enter an account title for the journal entry on April 30	enter a debit amountenter a debit amount	enter a credit amountenter a credit amount

eTextbook and Media

List of Accounts

Attempts: unlimited

(b)

Partially correct answer iconYour answer is partially correct.

Shamrock, Inc. redeemed $173,000 face value, 13.0% bonds on June 30, 2022, at 97. The carrying value of the bonds at the redemption date was $186,840. The bonds pay annual interest, and the interest payment due on June 30, 2022, has been made and recorded. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Jun. 30	enter an account title for the journal entry on June 30enter an account title for the journal entry on June 30	enter a debit amountenter a debit amount	enter a credit amountenter a credit amount
	enter an account title for the journal entry on June 30enter an account title for the journal entry on June 30	enter a debit amountenter a debit amount	enter a credit amountenter a credit amount
	enter an account title for the journal entry on June 30enter an account title for the journal entry on June 30	enter a debit amountenter a debit amount	enter a credit amountenter a credit amount
	enter an account title for the journal entry on June 30enter an account title for the journal entry on June 30	enter a debit amountenter a debit amount	enter a credit amountenter a credit amount