Wildhorse Corporation redeemed $$136,000$ face value, $14\%$ bonds on June $30,2027,$ at $102.$ The carrying value of the bonds

at the redemption date was $$123,500.$ The bonds pay annual interest, and the interest payment due on June $30,2027,$ has

been made and recorded.

Tastove Inc. redeemed $$147,000$ face value, $14\mathrm{.}00\%$ bonds on June $30,2027,$ at $95.$ The carrying value of the bonds at the

redemption date was $$149,650.$ The bonds pay annual interest, and the interest payment due on June $30,2027,$ has been

made and recorded.

For each independent situation above, prepare the appropriate journal entry for the redemption of the bonds. $($Credit account titles

are automatically indented when amount is entered. Do not indent manually.$)$

No$.$ Account Titles and Explanation

Debit

Credit