Exercise 10-12 The following section is taken from Skysong, Inc.'s balance sheet at December 31, 2018 Current Bablities Interest payable 113,200 Long-term labilities Bonds payable, 8%, due January 1, 2021 1,415,000 Bond interest is payable annually on January 1. The bonds are callable on any interest date ournalize the payment of the bond interest on January 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Acwant Titles and Esxplasatien Creda Jan. 1 Bonds Payable Assume that on January 1, 2019, after paying interest, Skysong calls bonds having a face value of $545,000. The call price is 103. Record the redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Dale Acewant Tiales and Esplanation Jan. 1 Bands Peyeble ess on Bond Redemptien Prepare the entry to record the accrual of interest on December 31, 2019 (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Acceent Ties and Explanatn Dcbit Dec,3berest Expens LIST OF ACOOUNTS Question Attempts: O of 3 used sAVE FOR LATER