Two independent situations follow:

Ivanhoe Corporation redeemed $$135,200$ face value, $12\%$ bonds on June $30,2024,$ at $103.$ The bonds' carrying amount at the redemption date was $$122,200.$ The bonds pay annual interest, and the interest payment due on June $30,2024,$ has been made and recorded.

Sarasota Inc. redeemed $$156,000$ face value, $12\mathrm{.}5\%$ bonds on June $30,2024,$ at $99.$ The bonds' carrying amount at the redemption date was $$157,040.$ The bonds pay annual interest, and the interest payment due on June $30,2024,$ has been made and recorded.

For each situation above, prepare the appropriate journal entry for the redemption of the bonds. $($List all debit entries before credit entries. 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 O for the amounts.$)$

No$.$ Account Titles

Debit

Credit

$q,$

$$

$$

$q,$

$$

$$

$$

$$

$$

$$

$$