The situations presented here are independent of each other. For each situation, prepare the appropriate journal entry for the redemption of the bonds.   Kingbird, Inc. redeemed $168,000 face value, 14.5% bonds on June 30, 2022, at 99. The carrying value of the bonds at the redemption date was $181,440. The bonds pay annual interest, and the interest payment due on June 30, 2022, has been made and recorded.      Date Account Titles and Explanation Debit Credit Jun. 30 enter an account title for the journal entry on June 30enter an account title for the journal entry on June 30

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A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

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A:

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A: When bonds are issued at a price more than face value, then it means they are issued at a premium.

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A: Solution 1:             Period Changes during the period Ending bond liability balances Interest…

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A: Journal entry is a primary entry that records the financial transactions initially.

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Q: The Gorman Group issued $900,000 of 13% bonds on June 30, 2021, for $967,707. The bonds were dated…

A: 1.

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A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

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A: