presented below are three independent situations: PRINTER VERSION * BACK NENT (a) Ball Corporation purchased $380,000 of its bonds on June 30, 2017, at 102 and immediately retired them. The carrying value of the bonds on the retirement date was $371,500 The bonds pay annual interest and the interest payment due on June 30, 2017, has been made and recorded (b) Horton, Inc. purchased $400,000 of its bonds at 95 on June 30, 2017, and immediately retired them. The carrying value of the bonds on the retirement date was $395,000. The bonds pay annual interest and the interest payment due on June 30, 2017, has been made and recorded (c) Valley Company has $80,000, 10%, 12 year convertible bonds outstanding. These bonds were sold at face value and pay annual interest on December of each year. The bonds are convertible into 40 shares of Valley $4 par value common stock for each $1,000 par value bond. On December 31, 2017, after the band interest has been paid $30,000 par value of bonds were converted. The market value of Valley's common stock was $38 per share on December 31, 2017 For each of the independent situations, prepare the journal entry to record the retirement or corversion of the bonds (credit account ses are automatically indented when amount is entered. De not indent manually.) Date Account Titles and Explanation Debit Credit (a) June 30 (b) June 30