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  3. 4) the situations presented here are independent o

4) The situations presented here are independent of each other. Instructions: For each situation prepare...

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Accounting

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4) The situations presented here are independent of each other. Instructions: For each situation prepare the appropriate journal entry for the redemption (retirement) of the bonds. a) Jasper Company retired S130,000 face value. 12% bonds on June 30, 2020, at 101. The carrying value of the bonds at the redemption date was $ 122,500. The bonds pay annual interest, and the interest payment due on June 30, 2020, has been made and recorded. b) Astor Inc. retired $180,000 face value, 12.5% bonds on June 30, 2020, at 98. The balance in the Premium on Bonds Payable account at the redemption date was $3,000. The bonds pay annual interest, and the interest payment due on June 30, 2020, has been made and recorded

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