- 4 i Current Attempt in Progress Two independent situations follow: 1. Crane Corporation redeemed $98,800 face value, 12% bonds on June 30, 2021, at 105. The bonds' amortized cost at the redemption date was $89,300. The bonds pay annual interest, and the interest payment due on June 30, 2021, has been made and recorded. 2. Blue Inc. redeemed $114,000 face value, 12.5% bonds on June 30, 2021, at 94. The bonds' amortized cost at the redemption date was $114,760. 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 O for the amounts.) Debit Credit No. Date Account Titles and Explanation June 30, 1. 1. June 30, 2021 (To record redemption of bonds.) 2. June 30, 2021 (To record redemption of bonds.)