assume that on January 1, 2021, after paying interest, gordon calls bonds having a fave value of $1,600,000. the call price is 98. record the redemption of the bonds.

Assume that on January 1, 2021, after paying interest, Gordon calls bonds having a face value of $1,600,000. The call price is 98. Record the redemption of the bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) The following section is taken from Gordon Corp.'s balance sheet at December 31,2020. Interest is payable annually on January 1. The bonds are callable on any interest date. (a) Your answer has been saved. See score details after the due date. Journalize the payment of the bond interest on January 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)