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er S1, 201 E15-8 Presented below and on page 678 are three independent situations. Longbine...

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er S1, 201 E15-8 Presented below and on page 678 are three independent situations. Longbine Corporation redeemed $130,000 face value, 12% bonds on June 30, 2017, at Prepare entries for redemp of bonds and conversion 102. The carrying value of the bonds at the redemption date was $117,500. The bonds bonds into commo sto annual interest, and the interest payment due on June 30, 2017, has been made and L0 2) recorded. 2. Tastove Inc. redeemed $150,000 face value, 12.5% bonds on June 30, 2017, at 98, The carrying value of the bonds at the redemption date was $151,000. The bonds pay annual interest, and the interest payment due on June 30, 2017, has been made and recorded. 3. Precision Company has $80,000, 8%, 12-year convertible bonds outstanding. These bonds were sold at face value and pay annual interest on December 31 of each year. The bonds are convertible into 30 shares of Precision $5 par value common stock for each

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