Presented below are three independent situations.

| June 14, 2016

Question
Presented below are three independent situations.

1. Voris Corporation retired $129,000 face value, 13% bonds on June 30, 2014, at 103. The carrying value of the bonds at the redemption date was $121,260. The bonds pay semiannual interest, and the interest payment due on June 30, 2014, has been made and recorded.
2. Lampe Inc. retired $158,200 face value, 16.0% bonds on June 30, 2014, at 96. The carrying value of the bonds at the redemption date was $160,800. The bonds pay semiannual interest, and the interest payment due on June 30, 2014, has been made and recorded.
3. Keho Company has $73,900, 6%, 12-year convertible bonds outstanding. These bonds were sold at face value and pay semiannual interest on June 30 and December 31 of each year. The bonds are convertible into 25 shares of Keho $5 par value common stock for each $1,000 worth of bonds. On December 31, 2014, after the bond interest has been paid, $37,000 face value bonds were converted. The market price of Keho common stock was $42 per share on December 31, 2014.

For each independent situation above, prepare the appropriate journal entry for the redemption or conversion of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No. Date
Account Titles and Explanation Debit Credit
1. June 30

2. June 30
3.Dec 21

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