3 PI4-6 (Issuance of Bonds between Interest Dates, Straight-Line, Retirement) Presented below are [5. scteted transactions on the books of Simenson Corporation. May 1,2012 Bonds payable with a par value of $900.000, which are dated 1anuary 1,2012 , are sold at 106 plus dccrued interest. They are coupon bonds, bear interest at 12% (payable annually at January 1), and mature January 1, 2022. (Use interest expense account for accued interest.) Dec. 31 Adjusting entries are made to record the acerued interest on the bonds, and the amortization of the proper amount of premium. (Usestraight-line anoetization.) lan 1,2013 Interest on the bonds is paid. April 1 Bonds with par value of $360,000 are called at 102 plus accrued interest, and retired. (Bond premium is to be amortized only at the end of each year.) Dic31 Adjusting entries are made to record the acerued interest on the bonds, and the proper amount of premium amortized. Instructions Prepare journal entrieg for the transactions above