For each situation, prepare the appropriate journal entry for the redemption of the bonds. (a) Martha Corporation retired $142,900 face value, 10% bonds on April 30, 2012, at 102. The carrying value of the bonds at the redemption date was $129,120. The bonds pay annual interest, and the interest payment due on April 30, 2012, has been made and recorded.

(b) Williams, Inc., retired $266,000 face value, 12.5% bonds on June 30, 2012, at 97. The carrying value of the bonds at the redemption date was $287,906. The bonds pay annual interest, and the interest payment due on June 30, 2012, has been made and recorded