Answer:
Explanation:
a) 
June 30, 2018
Dr Bonds Payable $250,000
Dr Loss on Redemption of bonds $25,500
     Cr Discount on Bonds Payable $20,500
     Cr Cash $255,000
Supporting calculations:
Discount on Bonds Payable = 250,000 -  229,500 = $20,500
Cash = $250,000*102/100 = $255,000
Loss on redemption of bonds = $255,000+$20,500-$250,000 = $25,500
b) 
June 30, 2018
Dr Bonds Payable  $200,000  
Dr Discount on Bonds Payable $3,500
     Cr Gain on Bond Redemption  $9,500
     Cr  Cash                                             $194,000
Supporting calculations:
Discount on Bonds Payable = 200000-196500 = $3500
Cash = 200000*97% = $194,000
Gain on Bond Redemption = $200,000 + $3,500 - $194,000 = $9,500
c)
31 Dec	
Dr Bonds Payable	$30,000  
     Cr Common Stock  $6000
     Cr Paid in capital in excess of par-Common Stock $24000
Common Stock = 30000/1000*$5*40 shares = 6,000