Kimmel, Accounting, 6e Help I System Announcements Problem 10-3A Your answer is partially correct. Try again. The following section is taken from Hardesty's balance sheet at December 31, 2016. Current liabilities Interest payable $ 40,000 Long-term liabilities 500,000 Bonds payable (896, due January 1, 2020) Interest is payable annually on January 1. The bonds are callable on any annual interest date. (a) Journalize the payment of the bond interest on January 1, 2017. (b) Assume that on January 1, 2017, after paving interest, Hardesty calls bonds having a face value of $200,00o. (c) Prepare the adjusting entry on December 31, 2017, to accrue the interest on the remaining bonds. Credit account tities are automatically indented when amount is entered. Do not indent manually) ly Debit Credit Account Titles and Explanation No. Date (a) Jan. 1