Redemption of Bonds issued at a DiscountMedina Optical Supply sold bonds at a di

Redemption of Bonds issued at a DiscountMedina Optical Supply sold bonds at a discount for $420000 (discount of $20000) 8 years ago.a) The corporation redeems $25000 of this issue at 94. The unamortized discount is $250.b) The corporation redeems $30000 of this issue at 101. The unamortized discount is $300.Prepare journal entries to record the redemption in a) and b).for a) I have the account titles correct Bonds Payable The Debit amount is $25000Discount on Bonds PayableGain on Bonds RedeemedCashb) Bonds Payable has a debit of $30000Loss on Bonds RedeemedDiscount on Bonds PayableCash