/25 1 Presented below are selected transactions on the books of Culver Corporation Mi 1.2020 Dec. 31 Jan12001 Bonds payable with a par value of $926.400, which are dated January 1, 2000, are sold at 105 plus accrued interest. They are coupon bosts, bar interest at 11% payable anay at January 11 at mature linuary 1, 2000 (Use interest expeme account for accrued interest) Adusting entries are made to record the accrued interest on the bonds, and the amortization of the proper amount of premium She straight arization) Interest on the bonds is paid April 1 Dec. 31 Bonds with par value of $370.560 are called at 102 phun accrued interest, and redeemed Bond premium is to be amortized only at the end of each year) Abusting entries are made to record the accrued interest on the bands, and the proper amount of prod Prepare journal entries for the transactions above (Round intermediate calculations to decimal places, a 1.251247 and nd went to decal places, a 3.548 entry is required, select "No Entry" for the accent a amounts Credit account titles are automatically indented when amount is entered. Do not indent many) Date: Account Titles and Explanation May 12000 Cath Premium Band Payabl (To record the interest) Debit Credit ander Ofor the Apr 1, 2021 (To amortize the premium) (To record the interest) (To amortize the premium) Presented below are selected transactions on the books of Culver Corporation. May 1, 2020 Dec. 31 Jan. 1, 2021 April 1 Dec. 31 Bonds payable with a par value of $926,400, which are dated January 1, 2020, are sold at 105 plus accrued interest. They are coupon bonds, bear interest at 11% (payable annually at January 1), and mature January 1, 2030. (Use interest expense account for accrued interest.) Adjusting entries are made to record the accrued interest on the bonds, and the amortization of the proper amount of premium. (Use straight-line amortization.) Interest on the bonds is paid. Bonds with par value of $370,560 are called at 102 plus accrued interest, and redeemed. (Bond premium is to be amortized only at the end of each year.) Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium amortized. Prepare journal entries for the transactions above. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answers to O decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) -/25 Prepare journal entries for the transactions above. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answers to O decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation (To record the interest) To amortize the premium) Debit Credit Apr. 1, 2021 (To record the interest))