Exercise 10-13 The following section is taken from Ohlman Corp.'s balance sheet at December 31, 2014. $ 73,170 Current liabilities Interest payable Long-term liabilities Bonds payable, 9%, due January 1, 2019 1,626,000 Bond interest is payable semiannually on January 1 and July 1. The bonds are callable on any interest date. Your answer is correct. Journalize the payment of the bond interest on January 1, 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit Date Account Titles and Explanation Debit Jan. 1.Interest Payable T 7 T Cash TTT 3,170 1 73,170 SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT Your answer is partially correct. Try again. Assume that on January 1, 2015, after paying interest, Ohlman calls bonds having a face value of $624,000. The call price is 104. Record the redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 14Bonds Payable Bonds Payable 146,340 2 Premium on Bonds Payable 9,000 Cash - 155,340 Your answer is partially correct. Try again. Prepare the entry to record the payment of interest on July 1, 2015, assuming no previous accrual of interest on the remaining bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Julyx Bonds Payable Interest Payable