Presented below are Iwo independent situations.
1. Sigel Ltd. retired £130,000 face value, 12% bonds on June 30, 2011, at 102. The carrying value of the bonds at the redemption date was £117,500. The bonds pay semiannual interest, and the interest payment due on June 30, 2011, has been made and recorded.
2. Diaz Inc. retired £150,000 face value, 12.5% bonds on June 30, 2011, at 98. The carrying value of the bonds at the redemption date was £151,000. The bonds pay semiannual interest, and the interest payment due on June 30, 2011, has been made and recorded.

Instructions
For each independent situation above, prepare the appropriate journal entry for the redemption of the bonds.