Current Attempt in Progress

The following are two independent situations.

Cullumber plc$.$ redeemed $136,500$ face value, $10\%$ bonds on June $30,2020,$ at $102.$ The carrying value of the bonds at the

redemption date was $124,000.$ The bonds pay annual interest, and the interest payment due on June $30,2020,$ has been

made and recorded.

Tastove Inc. redeemed $149,000$ face value, $20\%$ bonds on June $30,2020,$ at $96.$ The carrying value of the bonds at the

redemption date was $151,550.$ 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 of the bonds. $($Credit account titles are

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

No$.$ Account Titles and Explanation

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List of Accounts