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The following are independent situations.

1.		Pina Colada Corp. redeemed $120,300 face value, 12% bonds on June 30, 2020, at 108. The carrying value of the bonds at the redemption date was $110,300. The bonds pay annual interest, and the interest payment due on June 30, 2020, has been made and recorded.
2.		Cullumber Company redeemed $147,000 face value, 11% bonds on June 30, 2020, at 94. The carrying value of the bonds at the redemption date was $148,000. The bonds pay annual interest, and the interest payment due on June 30, 2020, has been made and recorded.

For each independent situation above, prepare the appropriate journal entry for the redemption or conversion of the bonds

The following are independent situations 1. Plna Colada Corp. redeemed $120,300 face value, 12% bonds on June 30, 2020 at 108. The carrying value of the bonds at the redemption date was n o o me o spay annual 2. Cul!umber Company redeemed $147,000 face value, 11% bonds on June 30, 2020, at 94. The carrying value of the bonds at the redemption date was $148,000. The bonds pay annual Interest, and the Interest payment due on June 30, 2020, has been made and recorded interest, and the interest payment due on June 30, 2020, has been made and recorded For each independent situation above, prepare the appropriate journal entry for the redemption or conversion of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. June 30 . June 30

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