cullumbet company issued $640,000 at 8 % 20 year bonds on January 1, 2022 at 104 interest is payable annually on January 1. Cullumber use a straight line amortization for bond premium or discount.

prepare the journal entry to record that accrual of interest and the premium amortization on December 31, 2022

prepare the journal entry to record the payment of interest on January 1, 2023

Prepare the journal entry to record the redemption of the bonds at maturity. Assuming interest for the last interest. Has been paid and recorded.