For each situation prepare the appropriate journal entry for theredemption of th

For each situation prepare the appropriate journal entry for theredemption of the bonds. b)Lightning Inc. retired $180000 facevalue 12.5% bonds on June 30 2007 at 98. The carrying value ofthe bonds at the redemption date was $184000. The bonds pay annualinterest and the interest payment due on June 30 2007 has beenmade and recorded. a)Thunder Corporation retired $130000 facevalue 12% bonds on June 30 2007 at 102. The carrying value ofthe bonds at the redemption date was $122500. The bondspay annualinterest and the interest payment due on June 30 2007 has beenmade and recorded