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Two independent situations follow: 1 2. Cullumber Corporation redeemed $132.600 face value, 12% bonds on June 30, 2021, at 104. The bonds' amortized cost
Two independent situations follow: 1 2. Cullumber Corporation redeemed $132.600 face value, 12% bonds on June 30, 2021, at 104. The bonds' amortized cost at the redemption date was $119,850. The bonds pay annual interest, and the interest payment due on June 30, 2021, has been made and recorded. Riverbed Inc. redeemed $153,000 face value, 12.5% bonds on June 30, 2021, at 95. The bonds' amortized cost at the redemption date was $154,020. The bonds pay annual interest, and the interest payment due on June 30, 2021, has been made and recorded For each situation above, prepare the appropriate journal entry for the redemption of the bonds. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) No. Date Account Titles and Explanation June 30 1 2021 June 30. (To record redemption of bonds Debit Credit 1125 AM
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