$($Issuance of Bonds between Interest Dates, Straight$-$Line, Redemption$)$ Presented below are selected transactions on the books of Simonson Corporation.

May $1,2025$

Bonds payable with a par value of $$900,000,$ which are dated January $1,2025,$ are sold at $106$ plus accrued interest. They are coupon bonds, bear interest at $12\%($payable annually at January $1),$ and mature January $1,2035.($Use the Interest Expense account for accrued interest.$)$

Dec.$31,2025$

Adjusting entries are made to record the accrued interest on the bonds, and the amortization of the proper amount of premium. $($Use straight$-$line amortization.$)$

Jan.$1,2026$

Interest on the bonds is paid.

April$1,2026$

Bonds with par value of $$360,000$ are called at $102$ plus accrued interest, and redeemed. $($Bond premium is to be amortized only at the end of each year.$)$

Dec.$31,2026$

Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium amortized.

Instructions

$($Round to two decimal places.$)$

Prepare journal entries for the transactions above.